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RAC FM Trading SOULS with Backbone Labs|P/by Alphagrowth.io🦝
Recorded: May 20, 2025 Duration: 1:16:31Space Recording
Short Summary
Backbone Labs is set to launch a new token in partnership with Prism, aiming to enhance community engagement and yield opportunities. This strategic move follows a successful grant from White Whale, positioning Backbone for significant growth in the evolving crypto landscape.
Full Transcription
All right, JJ, son, just give us a minute there, matey,
and we'll get this show on the road in a second once I get the co-host in, all right? All right just give us a minute there mate and we'll uh we'll get this show on the
road in a second once i get the co-hosts in all right right jj son yeah brother it sounds good
man no worries super just let me get the m we've got a bit of feedback there have we i think we've
got a bit of feedback do we still Let me just double check there, mate.
Okay.
Yeah, you've got two accounts on the go, have you?
Okay, maybe...
Whoa, that's bad.
The minute I speak, when you're on mute, whoa.
Let me drop out of one and I'll come back.
It's all right.
Okay. Let me drop out of one and I'll come back. It's all right. So, peeps, if you don't mind, please retweet out the room.
We'll get JG back in. Hopefully we can fix this up no problem we'll get the show on the road i'm excited for this getting this on
tape 100 all right jj are you back brother i'm back i'm back can you hear me yes mate
i don't know what that is mate.
It's almost like you've got like two accounts or something and I can hear myself through another one.
That's weird that.
Right now?
Let me just double check mate when you're off mute.
Yeah, I don't know what that is JJ.
I literally can hear my own voice when I speak to you.
I'm unmuted
well i'll have to get on the mute quick mate we'll have to figure this one out no problem like
right so i logged the other account which i wasn't in but i just logged in and made it log out it was logged in so i don't know maybe a team member was using it to to listen in
is that better no worries mate i've i've had this
this game myself when i've had like say like one open on the phone and one open on the computer
and it creates this mad crazy like feedback loop you know is it better now let me just double check
yeah that sounds a hell of a lot better bro if you're unmuted right. Is that better? That's good, right? Yeah, I'm on mute. Everything's good to go.
Well, mate, I mean, look,
no, JJ, we've still got the problem, mate.
I don't know what that is like.
Foxy, can you hear that?
There was an emoji,
if you can hear that feedback.
Why don't we just turn it on and turn it off?
Just turn it on and turn it off.
Let's just turn it on and turn it off. Just turn it on and turn it off. Let's just turn it on and turn it off.
Actually, mate, that sounds all right there, JJ.
Does it?
Yeah, I'm not getting any feedback right now.
Maybe, I mean, I don't know.
It's just maybe Twitter.
I'm not sure what to say about it at this point.
No worries, mate.
No worries.
I was hoping I was going gonna have a co-host
uh b-band said she will be in but uh she's a little bit party as per normal she's feeling
a little bit down at the minute bless her uh through one or two other things but yeah mate
i'll i'll do the beginning uh the record beginning for the recorded show and then i'll
then i'll kind of do the intro as to like while we've asked you on the show right
so for everybody at home uh guys please make sure that you retweet the room
let's get this out let's get some people in let's get some uh crack on the go obviously we always
take a bit of a bespoke approach uh so i'll do the beginning and then i'll just introduce the fact of why we've asked jg to come on right so good morning rock fm all right people it is tuesday the 20th of may i believe it is 11am in
the morning for you so a little bit a little bit late for rock fm a little bit slow but we've been
waiting and i just want to preface this by saying you know we did like a monster monster space last
week right it was like seven hours and uh we had jj come in with backbone and and there was a fair
bit of chat going on and you know i just thought to myself do you know what let's get the guys back
in the studio uh let's get let's get them back on tape i didn't want to like it go
over things that we're talking about last week i don't want to rehash things i'd actually rather
uh just try to figure out for myself to be honest with you this is more of like a curious thing than
anything else i'm kind of interested like where backbone labs are at the minute the big changes
that they've had recently the responsibilities that they're taking on so yeah there was a lot of talk last week
today I'm gonna kind of like I don't know directed in the kind of way that I want to
kind of find out about the project let's let's say that I don't know enough and I probably should know
more unfortunately on Friday I couldn't get listening to every word because I was walking a bit when JJ and Rama were having a bit of a conversation.
So I caught some stuff. I didn't catch it all.
But yes, without further ado, hey, JJ, mate, good morning.
Sonny, all right, kid? You all right?
Yeah, Robo, good morning or good evening.
Good evening for me. It's actually a little earlier. It's 8 a.m for me but uh you know early bird gets the worm right are you on are you on
the west yeah you're on the west coast yep yep west coast it's all the same thing it doesn't
matter world time anytime right crypto doesn't sleep for any man so uh if i'm pretty much willing
to hop on when it's convenient like we make it happen
that's what it's about right yeah mate i mean it's fair to see i think this is like where i
wanted to kind of kick off i think it's fair to see that you guys have been you know fairly busy
over the last few years i think we can all agree on that, right? And I wanted to kick
it off, Gigi, with just like a nice, easy, simple question, right? I think, has Backbone
Labs been in effect now, what, three, three and a half years? Something around about that,
is it?
Yeah, I think we're actually right. I have to double check, but I think we're, I think
we might have missed our three-year birthday just working through it, possibly. But yeah,
we're right around three years so in hindsight and hindsight's a wonderful thing right if we've got
it but we don't always have it though in hindsight given the fact that you've you've been on this
journey and i think it's quite an epic journey i think anybody that would deny that like would be
would be high right uh you have done quite a lot of stuff across quite a few chains uh had quite a few
partnerships quite a few integrations etc etc if you could look back at the last three years jg
and say to yourself that's the one thing like i would go back and i would i would do this instead
or you know maybe i would like dwell on this decision maybe i would
procrastinate a little bit more uh you know maybe maybe i might have like delayed this launch or
maybe we mightn't have went and like if there was just one thing you could go back and change bro
in this entire process since the lunar crash essentially right since you guys i think it's
three years ago today lunar crash if there
was one thing you could go back and change right for the betterment of backbone labs what would that
be oh you know what honestly i gotta be honest you know uh i don't think in those i don't think
in backwards terms so i mean and i don't even think it's a, I could, I could maybe point out things where I feel like I fumbled the ball personally, but I don't think backwards terms. So I think actually backbone is exactly where we need to be right now. I would rather focus on that if you don't mind. that's fine so if there was if there was one thing you could have done previously that might
have accelerated the project maybe more what do you think that might have been i mean i shit again
uh you know robo we're independent builders we haven't we haven't uh we don't really get a handout
from anybody everything that we've done is is really uh just cosmos community based so i don't
think there's anything I could have done
or community could have done in our model. The only thing that could have maybe happened is
maybe some foundation support in different ways, but we found ways to just kind of keep doing our
thing. And I think that's what the focus is. The focus is that it's not about what our stumbles
were, but how we've come together to do something more interesting and continue to expand even in markets where people collapse.
I think that's more of the conversation and what the power of crypto is, right?
Again, I'm not sure how to answer about our failures because all data is good data, right?
So I take what every experience and I'm using it for it for for the next for the next purpose and next
experience right i don't know how to i don't know how to answer that question my brain does not think
like that no i know what you mean mate and and you know what you meant the word failure but that's
not exactly what i was talking about i was just talking about you know anything that could have
like put you's maybe on like a different pedestal but that's fantasy thinking that's fantasy thinking
i don't i don't live in a fantasy thinking i live i'm living in blockchain i'm making blocks and and i'm logical thinking
and i just my brain's not focused on that right now so i mean i we could pick a block where maybe
somebody undelegated a lot of uh assets and moved it somewhere else and i'd be like oh that sucks
but besides that we're just going to keep it pushing we're going to keep spreading the word
of what we're trying to do.
Keep educating that that crypto and assets are like this next frontier. And and backbone has a different way of doing it.
That's that's kind of what the message is right here. Right. No.
Well, I feel like I feel like Rack FM has tried a similar course in the spaces. Right.
Like you're like, you know what? Yeah. You don't like it our way. Well, you know. Oh, well.
You're like, you know what?
Yeah, you don't like it our way.
Well, you know, oh, well.
So we have a similar ethos, I think, in that regard.
And do you sit and conter what you could have did differently?
Or do you just, you know, make an egg sandwich and take some tequila shots?
Like, fuck this.
Exactly, brother.
Exactly.
Well, I'll tell you what, then.
So what I like to do is I like to think about a project, right?
I like to think about a project right i like to
think about how can you sum it up in like three adjectives you know uh but actually when i was
thinking about you guys i was like probably like resilient i think would have to be the the adjective
that would have to stand out it seems like you've been through these mad like market situations, this mad like market chaos over the last three years.
And at the end of the day, you're still standing.
So like is resilience, do you think, a core like a core skill set of the team?
Well, you know, I think the big part is, is that Backbone really runs lean and mean.
Like we've never had the idea of like we're gonna get rich paying ourselves some
big monthly salary that's that's not how we've ever operated and i think that gives us a real
advantage and the fact that that now we have i think what's kind of also occurring like we are
now getting these partnerships in place uh with creators and chains and other chains, you know, dungeon.
And we have this new thing with prism and GMC is a powerhouse and the syndicate.
Like we have these like outposts that are branching out that kind of feel the same way. I think that we do.
So what occurs is that we're able to generate excitement and energy in places regardless of what's occurring.
And I think that's a that's like the biggest value metric
that's like lost in the cosmos.
Like everybody, man, I wanted to talk about this
because you brought up that conversation.
You know, what was said to me,
what Ron was said to me, he goes,
you shouldn't even do anything unless it's on EVM.
He said that.
I'm thinking like, but why?
Like we need to be able to have fun. Like that's like the number one tenant of like what's occurring on the blockchain.
Like, yeah, you could do these activities, I guess, in pretty much a bunch of places, but
where they're occurring is important. Like the same activity in America or the same activity
in Nigeria is not the same value. So do we make the cosmos? We have the opportunity to shape this massive network
that's been kind of handed over to Magmar and company.
And we have all these great builders,
like with Sunny and Osmosis.
There's so many things that Backbone just knows
is the future of what's possible.
And it's not just what's possible,
but it's about just capturing's possible, but it's about
just capturing the network and creating your own nation states. And they are going to be these new
type of economies that are forming. And being part of Backbone kind of gets you in that already.
And I feel like, you know, we have definitely had uphill battles, but they've been, you know,
You know, we have definitely had uphill battles, but they've been, you know, steel sharpens
steel and nothing's ever a straight line.
Right.
So but that doesn't stop the fact that at Backbone, we have like real users.
We don't watch trade or any of our NFTs.
What you see is what you get.
And our communities stay relevant.
Like the majority of the communities that trade on Backbone Labs or are associated with
us, they're relevant for over a year, two years, right?
Like GMC became like the number one collection.
Pixel Lions sell.
Galactic Syndicate selling.
Mad Scientist selling.
Like everything that we decide to put our name to stays relevant in a place where everything seems to not stay relevant for very long.
So, again, it's just, it's just, I decided,
Backbone kind of decided to try to be the change that we wanted. And that was kind of what started
the whole thing. And yeah, you know what I'm saying? This is a journey. This is just a journey
of like power users that are coming together to kind of do something different than what's been happening, right? You don't have
to reinvent the wheel. We have to have fun and build together and become like gravity. That's
the goal, right? And then things, great products will come and market effect. There's just so many
ways that this, to skin this, I don't want to say that actually to tackle this
problem you know well and here's here's a one for you the first thing i'll do is whenever we get
anybody on back like back on for an interview i'll immediately go straight away to spotify
i'll type in the search bar and i'll put it in and i'll bring up the previous interview and i'll be
like right okay just just pick up on things you're talking about you know anything you can integrate into this
interview and i was actually quite shocked gg because i searched for you and backbone labs and
i was like i don't know a minute rack fm's never actually done a fucking backbone lab show i was
like showed up and that's impossible and dude i went through and i was like we've had gg on in
like several different iterations you were on with terror uh you've been on uh i think when we did the
sale uh conversation you've been on like a shed load of spaces but never an actual backbone lab
space and i was like do you know what robo like how much do you actually know about the team i was like
apart from jg because you're a little bit like that band front man you know like the jim morrison
or you know the robbie williams where nobody remembers the other people in the band right
that's always the front man and i was thinking i don't even know how big the team is like i
didn't even know like like after just got got like one front end dev one back end dev and I thought I didn't even know how these guys actually started
to be honest with you and I was like well I was thinking and they're probably gonna have their
own audience in this space and it might be like old rehashed information for them but then I was
thinking well we make shows that we want to listen to so jj i know you were born out of the
terror crash but just give us a quick overview of exactly like how big the team is who does what
because we all know you as the front man what's what's under the hood um okay so you know thomas
is uh our cto uh he has like the um probably the most bird's eye of the technical stuff that happens with Backbone.
Octane does our front end. We have Nick join us from White Whale, who is taking over the DEX
side of things. We have Calabi, who is doing a bunch of our business
and development and organizational stuff.
And then we have Mehar and Gino, who does comms
and community organization.
And, you know, we've added people recently,
but prior to this, you know, the majority of us do this just because we love to do this.
You know, that's really what it comes down to.
We think that we have a good time.
We have a good time with waking up and building communities.
And I just know that within communities, there are endless possibilities with unity, right?
So that's always our goal is to try to do these things together.
And we've had a really interesting journey by having that shared mission.
Like none of us, again, it's so funny, none of us are getting rich doing what we're doing.
We've been like, you know, rescuing things and building infrastructure and trying to
share it and protect people and just be real participants in an
anonymous world because i i don't know to me this is like an attractive place to to reside
to be honest mate you talk about everybody but yourself are you just a mr fixer there
is that you oh well yeah well no me i'm i'm just uh you know I just have some ideas and these guys that I just listed off are the people that really kind of make everything possible for these things to kind of come about.
Yeah, it's what I would describe as like a decent little team.
It's not like it's a small team, but it's not like a huge team
either. It's like, it seems like a nice little comfortable number for you to operate on, right?
Yeah. And, and again, it's, we, we, we don't have, we're not doing this with, for like crazy big
salaries. So to us, we're able to, we've been able to just do what we need to do to keep everything
going. And now we have these new assets, the DEXs, the validators,
that really just kind of create this huge cushion for us.
And now we're able to do this token and launch it back and do these 50% buybacks.
We're really excited about Sol and the Prism partnership that we have that's going to happen.
It was supposed to be this week, but I had,
I had my great aunt passed away over the weekend.
And so that kind of like kicked things back a minute. So,
but that's coming out this, this next week for sure. Yeah. It's, I mean,
if only, if only we could have a life as like hers, like 93 years old,
she was like a principal in the school, a Catholic school for like 40 years.
Like her funeral was like almost like an event.
I was like, holy crap.
Like, I don't, I don't even know this many people.
Like 400 people showed up.
I was like shocked.
I was like, whoa.
Right.
But I mean, like, if only, like, I hope to have a life that, that, that great, you know?
So, but you know, then it takes a minute or two to like shake off like the weird mortality
thoughts of your own life.
That's kind of what I was feeling for like the last day and a half.
So I snap out of that and get back in the game.
But, you know, if only, she had a great life.
So, again.
Sorry for your loss, Mick.
Sorry to hear about that.
Oh, yeah, thank you.
You know, I think the other shock is, is he's like the last relative
who was like of the great generation.
So, like, now my parents are the oldest generation.
And I'm like, like huh now i've
moved up in this weird anyway i don't want to mind trip myself out again here's the one for you and
i do just want to say hello uh good afternoon to me little mid crypto enthusiast thanks for joining
the convo there brother you're always appreciated yeah how are you doing you all right really good man it's
man these are like two of my favorite teams joining up for a space how can i not come up
and say hello to you guys man i hope you're all doing well yeah brother i miss you man
honestly i've been so busy otherwise i'd be in every space i'm so sorry man it's just
trying to trying to touch base with everyone and raise kids and everything in between like you know
so it's great to be able to get onto a space with uh with you guys right now i kind of believe we
haven't had them on before i was literally like doom scrolling through spotify and i was like
where the is the backbone space and because we did have uh jg on eight years ago uh i think it was
maybe before the terror crash or whatever with the nft switch or
it might have been right the beginning of 2023 uh and that was like a long time ago but I was like
no Backbone Labs I was like no the wonder we need to get them on for a fucking interview I was like
this is well past you GG just as a general question uh where are we right now in the sort of uh maturity level of nft cycles market cycles so
like i'm in my mind i'm trying to think right okay well are nfts like you know 10 years behind
traditional fungible uh crypto right like because you you know the fairly new when i mean obviously we had uh
crypto punks and crypto kitties 2018 but they didn't really take off i think it was like 2021
when we really had the big boom and you know board apes and everything came into the mainstream you
know where are we on that kind of like cyclical like moment do you think jg do you think like nfts
have already caught up the fungible tokens do you think jg do you think like nfts have already caught up the
fungible tokens do you think they may be like lagging a cycle behind where are we in the maturity
level of this hey go ahead go ahead um crypto enthusiasts me lunatic go ahead oh no no i was
gonna i was gonna let you you let you speak in in uh like my two cents on that afterwards but
my answer is my answer is really kind of probably strange and quick like my two cents on that afterwards, but my answer is,
my answer is really kind of probably strange and quick.
Like I really don't pay attention to anything that anybody else is doing.
I swear to God,
like that question has nothing to do with what backbone like projects and
people that we work with are doing.
Like,
I don't know how to even explain that.
Right.
yeah,
again, you know uh really how does one even quantify what that means like it
means like when the cosmos we're just not even we don't i don't even care about any of any of
those people what they're doing i only have i only ask because we're starting to see some crazy
things you know we're starting to see some crazy things you know we're starting
to see indications of nft platforms maybe having to migrate away you know from their own chain
I just wondered like where because you know I love nfts and yeah do I mean nfts yes I do the
music with Finn but am I like to get nft junkie not really and i kind of maybe just was asking like for your industry like
insider knowledge like you know are we are we maturing have we already matured like have we
managed to catch up you know on the fungible side but could one see who's you got your hand up there
buddy yeah so this is what i was gonna say say, right? There aren't many apps, if you actually look through the cosmos,
we call ourselves the internet of blockchains, right?
But there aren't actually that many apps that have deployed cross-chain.
If they are, they're normally really like purpose-built
and they have got VC backing.
I would say LSTs were one, yeah?
So you've got Stride and you've got Eris
and all those people that have done it, drop recently, you know? And you've got stride and you've got eris and all those people that done it uh drop recently you
know and you've got things like dowdow and the wallet integrations you know those were really
the cross-chain apps yeah and what backbone labs have managed to do right when you talk about nft
and and um and the sort of cycle of it all they've managed to combine these products so that it's kind of
a one-shot stop for anyone who's interested in a little dabble everything right my favorite at
the minute is probably the galactic syndicate gmc there as well but i just feel like they're
missing that little burn mint token thing but you know what they've managed to combine on injective
right which you know it's taken ages to get recognition over there by the way because
they've done it all off their own back no vc backing no no support from the core team but
what they've managed to do is they've managed to develop an lst be injective right it's managed to
get over 11 000 injected into the um into the grave digger for a community driven um um deposits right this is not oh we've gone to the
community pool and asked for it yeah i know how bullish you are on injective robo so that is quite
a feat to get 11 000 and if you if you think injective's going to go where it's going to go
right then they've managed to get this nft community and you see a few pfps in the in the
profile here then one of the pfps to say that you know we are we are part of this lst community and the sin token
as well which is a burn mint derivative so they've what i think they've successfully managed to do is
most in the cosmos we used to let's say let's call it stargaze i think that was what the one
we were talking about migrating to the cosmos hub right what what they did their approach was uh they took the app chain thesis let's get everyone
to deploy their nfts on um on that chain and i've always been a bit critical of that because i feel
like the purpose of an nft is to celebrate that you're doing on-chain volume of the chain it's a part of right so that's where
i think jg took um took the nft scene back into cosmos and made it relevant again right and that's
not to shit on stargaze it's just saying that you're either an nft junkie and you love them
just for their pfps and it's a token with a picture attached or whatever and you'll have
your own reasons for liking them but if they were on if they're on stargaze or something like that you're not really
you know your interaction with let's say osmosis or injective or or juno or or migaloo at the time
you know it was really limited you were mainly trading them on on stargaze right and so i think
that's where um jg and and his team have done taken something that
we're used to or we've heard about throughout crypto and made it something a bit unique and a
bit different you know and what's really exciting i really want to shield a project right now because
these guys deploying in the cosmos house hub could be a game changer why it's it's a huge technical day it's a huge uh undertaking for them
to deploy and maintain all the different contracts on all the different trains they go to yeah um
because you know as you know if they put a props to change part of the code base or something like
that their their apps their contracts have got to um adjust and migrate with it right they've got to
change if they go to something like the cosmos up or another one being regera there is a situation where they might be able to deploy there
and through things like ibc eureka or you know the bifrost links and stuff the lst model could
then come back to regera or to cosmos hub and they've achieved what they've been doing practicing in the cosmos throughout
these different chains but on the one core chain and that's where they are they are completely
different in their own lane compared to any other nft platform and any other nft community
you know has it been an uphill battle for them absolutely you know because the lst market it only is a winner takes all market every single
lst protocol is the same they're competitive they're trying to get as much of the core coin
into their contracts as possible because that's how they make their money right
backbone labs they give away 100 of their fees but you know they've got the delegation from that and
they can earn it from um commissions, from the delegations.
And that's enough for them. And that's what they're saying.
So I think I think it's a project that really needs to be shouted about.
And it's a model that other apps should try to replicate.
And then I mean, it's taken them three years.
But if you couldn't get to the sort of scale that they've got to now, hopefully with these new integrations where everything's going to be
around centralized hubs i saw another one celestia's doing they're they're integrating hyperlane aren't
they so um that that that could be another interesting you know move as well but they've
now they're ahead of the curve in that they've got experience on deploying their contracts on
multiple chains and getting an nft project launch and getting um a token and everything involved
with it so yeah watch this space i just that was just why i was uh really interested in what you
were saying because i just thought you know it just needed uh it needed to be said out loud
because i'm not sure people really know how big the pool package is.
You've raised a good point and that was going to be one of my main questions.
I just want to say GM to me little darling co-host.
Welcome, B-Barnes. You all right, darling?
How are you doing? You okay?
Yep, doing good. I'm going to have to leave soon.
That's why I just wanted to hop in and let you know that I was kind of busy.
That's why I wasn't able to talk. That's okay, you're feeling better today yeah i missed you okay yeah just sad that i didn't get to spend my 18th birthday 18th
birthday with my son so i'm i'm a little boohoo on my own but it's not about me right now it's about
backbone so all right that's all right don't worry about that you know we love you all right you know that
eh jg you know this this is what i felt like i had to ask eh since you started this i've just
always had one one eye on the hub as like an end game like or if we just like can make it to the
hub that'll be like you know that'll be the one thing that catapults us like
or is this hub thing like pretty like new obviously we know there's been upgrades to the
whole tech like technology wise of course you know three years ago we couldn't have had this
conversation but like three years ago were you guys thinking you know what there'll be access to
the hub within time you know with developments and did you always have like one eye on the hope or
is this like a pretty new thing no so i mean our whole thing is has been expansionary in a vision
of being expansionary but has also been how do we make ourselves also fiercely independent and
actually not tethered to any particular chain, right? Because, I mean, Atom's fantastic and
they've changed what their requirements are. Like it's been highlighted, they're going to want EVM
development. But there's time, there's like a year, there's like a year or six months or whatever,
there's time to do that, right? So being on the hub, especially with Eureka opening up,
it just makes sense. They're enabling a technology that's not available.
I mean, I guess Rojira might have part of it again.
It's just a place that we're as a community, as a backbone community,
as heavy participants.
So we want to make sure that we have representation
and that our model is understood, that our model is geared.
Because now with our new sole tokenomics, the zero inflationary thing,
I think it's really, look, there's a lot of great ideas in the cosmos
that get a lot of energy, right?
And due to sometimes mismanagement or financial mismanagement,
people lose a lot of investments.
But if Backbone participates on these chains, our model with the sole token is to put it
into a store of value, a community store of value, and pair it with Bitcoin.
That's our next evolution, is that all of these products, all of these communities,
all of these LSTs, all of these marketplace fees, all of these validators that
we are able to put up in participation, we can just allocate, we can direct the energy of all
of these activities into the sole project. And we can, you know, a project can skyrocket like a
firecracker and go out. And if, you know, if Backbone had participated, we know that some of those fees would have
and participation and would go into Seoul.
This could be a model for anything.
And for us, it makes Backbone, I think, stand out.
And, you know, almost our project becomes liquid.
We're not, we become like an ultimate L2.
I don't know, for lack of a better word, what sets us apart is that we want to be able to have representation, know that where we participate, it's for a very specific reason, and we're able to do something greater together within these models. Again, so the NFT marketplace runs on the LST. LSTs secure the
network while auto compounding. So that makes that marketplace capital efficient. Swapping fees,
swapping fees on our DEXs now will have 50% will go to the sole buyback. Validators,
commissions, 50% go to the sole buyback. We want to be known as power users of the cosmos that then are coming together to be smart with the tokenomics,
no inflation, real fees used. We know that together on this mission that this is what's
going to fuel how we capture security moving forward. It's almost like Bitcoin for the cosmos,
right? Why do people make Bitcoin? The guy made Bitcoin was because no nation should be able to, you know, just, you know, rob your money by overinflating it,
right? All your whole life's wealth can't just be taken away from you. Same, same in the cosmos,
right? Like we get into these projects, we want to participate, we want to tout these things,
not all of them work, but there's a way that then we can create value even even if it doesn't work it doesn't have to
all be a net loss it's kind of like I think what's coming down to for backbone was was like
mass scaling across was mass scaling across chains or was part of like yeah I mean like I was classed
as like distribution but did you guys set off at the beginning with the mindset of like right we'll
get it deployed and working on one chain and then we're going to go and repeat repeat repeat the model across multiple
chains was that was that like a natural progression with things like what happened with luna uh
obviously what's happening like with white whale did you set out to have like a permanent home or
were you always going to look for this like level of scalability uh i think in the beginning to be
honest we were open to like really like kind of rallying behind luna uh and then be we just saw
that sometimes due to misalignment and beliefs that it made more sense to uh kind of start to
look and really how to participate on culture on many chains. And then the evolution
was, okay, well, how do we take the participation of many chains and put it into a place where it
benefits all the participants of our many chains, right? Like, it's just like the next step. But I
got to be honest, you know, a lot of this in crypto is definitely a very fluid thing.
And when we first first started, you know, me, it's me and me and Thomas.
I got to say, you know, Thomas, I got to really credit where credit's due.
Thomas is he's our quant.
I'd like that. He's not like a math genius, but he's a fucking genius.
Right. Like this guy is is is our workhorse and my brother, right?
So, you know, it's definitely not me.
You know, I'm a dyslexic guy who just has an idea of like we could do better.
And for whatever reason, Thomas has hooked up with me and made a lot of these things possible.
So, you know, just give him a thank you for that one.
You know, just give him a thank you for that one.
And it's about, again, it's about these guys who contribute and girls and girls who contribute their time and knowledge so that together we can do things as a community.
Like if we're not doing things and like on a mission together, if we're not, you know, focused, I don't.
And again, crypto, it needs a mission.
Like, what are we doing together?
Right. Like that's where the excitement comes in.
That's what keeps things relevant.
That's why certain things work and certain don't.
Again, I think the culture of a chain is one of the most valuable metrics of a chain.
And at the end of the day, we need to be filling blocks on the projects chains that we are championing of.
That's what makes NFT communities, I think, successful.
Right. And so Backbone is now trying to just keep marching to our own beat.
We're going to have this Medium article of hopefully tomorrow with much more detailed everything of how the migration will occur for the migaloo community how they're joining
how uh the airdrop will occur for the backbone community and um we should be having a site
update soon like there's a lot of stuff happening in the cosmos for people who really want to
participate that's for damn sure and i you know yeah i don't know i just do this because i think
i can do better when i see how people are treat their users and i don't you know i don't know. I just do this because I think I can do better when I see how people are
treat their users. And I don't, you know, I don't know if I can,
but I think, I think I can. And I feel that we, I think that we've,
I think that backbone team, like, cause we've,
we've been the same guys doing this the whole time.
You know, the other thing I've never had,
I don't even know what any of the other guys look like besides Thomas.
We've never had a video call.
Do you know that?
We met in the Skeleton Punks group four years ago at the Mint, and then the crash happened.
And then I was the only team member.
And the five guys that came together out of that to do all the backbone stuff for the last four years, we've never even had a video call with each other.
Do you know that?
It's pretty wild.
Like crypto is crazy.
Like, I don't know their real names.
How crazy is that?
But we've just been doing this grind together for 40,
like Mayhar, Better Call Chino, you know, Octane.
These guys, we don't know what each other look like,
but we've been working together since the crash nonstop. You know,
these guys put, I mean, we worked for free for a year and a half, and then we have had little
salaries for like a couple of years. And then we work for free again when we need to work for free.
And I mean, it doesn't matter. We just do this because we think that we can do better. And I
don't, again, I don't want to sound arrogant at all. That's not what I'm trying to do.
I just think that a lot of times these great projects can be mismanaged and we can be a group
of power users together we can have our own token that has strong tokenomics that's fueled by real
transactions that's you know we can just do things a little differently and we can i don't know i
think it can be something interesting that nobody else is trying to do you know that's kind of i guess what it comes down to well mate i say we've got i say we've
got a couple of people i want to make sure whether the guys that are in have got a mic but uh you
mentioned about the migration there and that's 100 uh something that i want to want to get out
for the audience but uh i'll just say welcome welcome tank good morning thank you mate you jumped up there
always welcome what up what up uh let's make it happen let's uh let's make faces meet other faces uh nft events is my thing we should have that happen uh i do want to say i do want to ask a
question uh and i had posed it pose it posted a question um in regards to what happens to NFT projects or communities that have been using DaoDao.
And specifically talking about like Stargaze ones, right?
And I'll be honest, I don't know if anybody knows this, but it definitely feels like and or is happening.
is happening but i feel like uh the cosmos hub is trying to get rid of cosmosum uh and so you
But I feel like the Cosmos Hub is trying to get rid of Cosmosm.
gotta think like the entirety of i don't want to say entirety of dowdow because there's been a lot
of like work uh but i'm pretty sure like the hub has asked dowdow to rewrite everything to be evm
compatible and all this other stuff and launch it on the hub.
Like, I guess this not just goes for JG, but like everybody,
like what is your guys' thoughts about that as far as NFTs go in the Cosmos ecosystem? And like,
how can we do better going forward with the options we do have?
Well, I think there's two things.
So I'm in touch with magmar and i know that we
have at least a year they're going to have a parallel system of the evmos and uh the cosmos
system so we all have time to adapt our contracts and do what needs to be done uh that's that's
number one it's going to be a lot of work but it's not it's not like something that's not uh
totally 100 doable if you want to do it right again it 100% doable if you want to do it, right?
Again, it's all about do you want to do it?
So I think it's really important.
You know, Stargaze, they have a great platform.
100%.
It's a fantastic marketplace.
You know, they've done a great job.
If the community buys them out, you know, I'm congratulative of what they've managed to do for themselves.
Their journey has nothing to do with our journey. We just want to participate. Like,
uh, that's the cold, honest truth. Like whatever the community wants to have,
I support, like we validate, we're not, we're not there to like, try to like, you know, get in the
way. If, if I see overwhelming vote for Adam wanting to buy Stargaze, I'll vote yes to buy
with Stargaze too.
It doesn't matter to us. We just want to be able to also do our thing, right? Because if we don't
have inviting environments, especially for builders like Backbone, we validate on so many places,
we've done so many things. To get a no or come up to a resistance when we don't have our hands
out for anything, but just to create together, we wish everybody well in the cosmos and we think
the cosmos is vast and uh it's a wide open playground uh a building a building ground for
people you know and uh the more people that come in the better you know i don't i don't again like
we don't care go ahead brother no no excuse me i do want to make uh absolutely clear i don't I don't again like we don't care. Go ahead brother No, no, no, no, excuse me. I do want to make uh, absolutely clear
I don't know how people are not going to want to hear this
But I just got my position not that it matters is I just don't see a deal being made where it's where it works for any side
Uh, like favorably to be honest with you when it comes to the stargaze deal
Uh, I do like stargaze as a platform
100 like you were saying it's a phenomenal platform they did well they did really good
uh the reason why i wanted to ask that question is because you know a lot of um a lot of uh activity
that happened uh not all of it right because a lot of his permissionless a lot of stuff just
happened but a lot of the really cool things happen with the functionality of dow dow and creating communities and uh and whatnot and so like i
didn't know if other teams other projects or just the general public uh is worried about that uh and
and what that's going to do what what effort that's going to intake from everybody in order to replicate or to keep that
momentum going as far as the community building aspect and community tools uh that projects have
had uh in the past uh you know for nfts um i think it's i don't know how much they did though
with dowdow uh jg right you guys were using enterprise originally right for the
the pixel lions and stuff weren't you using enterprise originally yeah well i mean look
the truth is is that once if adam when they go to evm and it's going to take a while for that
transition to happen uh there are there are so many dow tool uh tools available and so many builders
that the gap will be filled so fast.
If anybody doesn't want to make it,
I'm telling you, this is why they're going to EVM.
It's for the dev power. There's not
a lot of Rust developers who are
really good at Rust. That's the truth. It's like
speaking a very special dialect
of Chinese.
That's kind of what
Rust coding is like. I'm serious.
From what i understand
like the people that learn rust they end up loving it because of how there's a simplicity to uh to
the language from what i understand from speaking and working with people again i i don't i don't
write code it's like looking at music to me it doesn't make sense you know but um i think that i think that also um and again i'm not 100 sure on the architecture
of everything but i know the stack is written like there's a the cosmosum stack that everything
actually like the box are on is written in go so that's a whole different language and then the
execution layer is like the is written in rust so having the execution layer change to EVM, it doesn't
prevent anybody from translating these contracts. It opens the door for tons of new participants.
Adam has a war chest of like 300 and something million dollars or something like that.
I don't think there's going to be a shortage of people who vie for the opportunity, right?
And so, I mean, I guess what Backbone is just trying to do is make sure that we always have our hat in the ring for these opportunities ourselves, right?
And we think that we have a strong community and a strong message of what crypto is really about, to be honest.
I think we've walked a different path for sure uh you know we walk a path of of that we will feed ourselves
and we will do interesting stuff and we will build and we will you know evolve and and grow
right because this whole thing has been like one crazy journey no no doubt trying being unbanked is
is definitely a roller coaster well um we're gonna pivot in a minute but your man's got his hand up there because we've got
we've got to get the big stuff out uh definitely uh gonna make you got your hand up got the mic
yeah i was just gonna say that uh something in the um rogera telegram or or i don't know if it's
the rogera or the coogee telegram uh was a post from jp4 to
say that um they will be taking over um cw or they'll be looking at taking over uh cosmism
support so you know room 600 million dollar blockchain as well um one billion dollars worth
of two billion dollars to transact transactional volume a day.
You know, I don't necessarily think it is going to die.
As JG said, people that have learned the language,
they like its simplicity more.
And I know it was something that CodeHands was talking about over there as well.
So I don't think it's the death.
It just might be the hub changing direction a bit. So, bit so you know well you know the only problem between funding you know you know the confio couldn't get
the funding so confio's walked away from it that's the only problem and and it's actually a good
thing because confio basically held the entire ecosystem like on blackmail the threatened strikes
and everything managed it weren't getting their funding so like the fact that a multi-million dollar blockchain is willing to come in
and provide like resource capital resource and maybe human resource into like keeping the
development of wasm going that i'm quite bullish on that like dude that's exactly what you need
you don't need it you don't need that centralized power structure being within a company like confio
something that they give somewhere crypto enthusiasts you know what i mean 100 100 i think i think
what you have to understand this is becoming it skips project as well right so they they are
trying to make it their version of things right they're trying to take the thing in a different
direction and so that is quite often that is trying to cut as many, say cut as many tyres, but just try and, you know, make your own lane as best as you can.
You know, and I think that's why that's why they got rid of ICS.
You know, anyway, just I don't think it's the end of it.
There's too many. There's too many chains that are reliant on it.
I think about Noble and Celestive and all things like that, you know.
These are huge, huge chains with big inflows,
and I think that someone will step up.
Hey, the thing that I really like about Magmar
is that he also has had a similar journey of, like,
building through the Terra Collapse, getting totally wrecked, trying to figure out pivot, skip.
Like these were all different evolutions.
This dude's a real smart guy.
He's very engaging.
This is like what's needed.
We need people.
We need personalities.
We need robo sponsored spaces.
We need backbone communities.
We need, you know, mad scientists, stargates, galactic.
We need these communities because they're fun.
And having fun
activities is what the whole point is is like together we can make a network valuable right
isn't that the whole point of this thing it doesn't have to everybody so doesn't doesn't get
it anymore it's like every everybody's like chasing like this other vc shit but like what
happened to like the community ethos of like you know we're gonna do some real shit together
we're gonna build some real value together.
It doesn't even have to take that much from one another.
And we can, right?
I mean, am I missing something?
I mean, I want to make sure that the heart and soul of this shit doesn't get lost.
And people just start chasing or looking for the wrong shit, right?
Because that's not what you're not, don't get caught up in that.
That's how you will get fucked you know fucked off so jt you know i'm not wanting to pivot but uh let's say that we're
gonna do with a cheeky little pivot uh i didn't really know about this whole uh white whale slash
like miguel situation or whatever until the other night uh you know you know what it's like in
crypto how many things you could like be involved in or you know your attention is is limited kind
of things sometimes with whatever you're doing and you know i was thinking to myself over the
weekend and i was thinking about this show and i'm like like jg and the white whale guys were like
well backbone i should say and the white whale guys were like well backbone i should say in the white whale guys were
really tight you're not really tight and i'm like i wonder if it was like a bit of a bittersweet
moment uh fight for you guys like for backbone right you guys particularly i was like was it
like a bittersweet thing you know where you realize it's the right thing to do uh you know
like when you take your dog to the vet they get put out nobody wants to do it but you know where you realize it's the right thing to do uh you know like when you take your
dog to the vet they get put down nobody wants to do it but you know it's like the right thing to
kind of do do you know what i mean like if i was a fly on the wall like how would that i mean even
just obviously approaching the guys with this sort of subject or top i mean whether over the moon for
you guys to go to them and say look well you, we'll be able to pick up some slack here?
Was it like a difficult conversation to broach?
Was it like an uncomfortable one or did it all go like, you know, flying smooth?
Hey, the real truth is this, right?
So I had like a four-month period, right, of starting to realize that we needed in our current system
before this partnership came forth right in our current system backbone needed more assets in the
grave digger to really make our system attractive right that was the truth so we weren't getting
enough foundation support fucks how do i figure this shit out so for like four months i was a
little bit of a funk right you know and a whale was definitely going through their stuff during that same time. And, you know, they had made their own
team decision to, you know, to stop the chain. And I know that they were looking for a deal
to be worked out in some manner. And their very honorable team, Sebastian, you know,
just to talk to me, one day asked me, he's like, hey, do you want to take over White Whale?
And I was like, no way.
I was like, I got enough of my own problems trying to figure out how to make this system work right here, right?
And I didn't realize exactly like what it meant. I saw that White Whale actually had real assets that were producing real yield and doing real transactions to a degree that would actually make a lot of this, almost everything that we want to do possible.
And I was like, well, OK, well, maybe we can refit this and do this. And we just started talking. And, you know, I know Sebastian's, you know, I've got to be honest, like his main concern is like, how do we create this into something that was the most valuable?
And coming together, I did, did, became natural because we had, like you said, there's so much overlap.
They, they gave us a grant, you know, about two years ago now that totally saved Backbone, you know, and to be able to return the favor, and I think that the fact that our new model has no inflation, it's all based off of real yield from these validators.
So if our community can really rally and we get a bunch of these validators up and we utilize our own decks, that we know that we can control these fees to then go back into Seoul, right?
soul right and and again like this model becomes extremely adaptive and i think that's where it
And again, this model becomes extremely adaptive.
becomes interesting because ideas will rise and fall a backbone happy to participate if it's a
good idea we can't control the management of like the financial things or the chain but
we can control uh that that we know that our participation goes to a different a different
goal of creating a community store value out of soul you know that's kind of what it's forming to so this was like a perfect springboard uh for for the soul
sort of like uh well not rebrand but kind of like relaunch because the soul talk i'm
was going to come out a while ago right uh obviously it's been delayed or whatever i'll
put on the back burner for bloody good reasons, right?
But this whole thing about the White Whale opportunity
was the perfect opportunity for you guys
to kind of revitalize what you just want to do with Seoul, right?
Yeah, no, that's what I'm saying.
It became a very serendipitous moment
when White Whale and Backbone were like,
okay, we can create a little larger supply.
We want to include this community. This is our community anyway. We've done so much stuff
together and we can move forward without the deficiencies of what the whale token experienced,
right? So we can do a reset that gives us the power to do a reset, the energy to do a reset,
the reach to do a reset. And I think a reset and uh i think that um once again i
think that our community has shown like the migaloo community was super active in the bear market like
i don't think i mean for people who don't didn't participate like if you participated you made
money doing all their staking activities like i know people thought it was a down token only but
like i i made i was making hundreds of dollars of staking at one point for like months.
I was like, this is freaking crazy. Right. Like so that's the truth of it.
I mean, people participated in their crazy things. They were highly successful.
Now, they're they suffered from having too large of a team and maybe not turning certain things around quick enough.
But again, hindsight is always 20-20.
I try never to look at hindsight.
It doesn't serve anybody anything except for it does in the fact that you don't want to repeat your same shit over and over again.
But I don't like to dwell on that shit.
What we're doing right now is there's new blood and leadership at the helm of the cosmos.
Backbone champions the cosmos.
If they're pivoting EVM, we're going to pivot EVM.
And we're going to continue to create communities,
Gravedigger communities, NFT5 communities.
We have this new soul token, which kind of links them all together.
And the users can know that all of our aspects and what we're doing will be that's where the
yield is going to go to come from it's not it's not some imaginary thing right and we i think i
think we're on a good pace right now for sure i really do and and prism like right we're going
to do this prism campaign we should talk about that jj one second yeah i tell you what i just
i didn't want to get ahead of it without asking the question so this is the perfect opportunity right now brother right uh obviously you know people always we're
always going to ask questions about the past right we're always going to figure out you know where
you're at the minute but yeah i i would like yeah you mentioned about prism earlier you said you're
going to probably drop the medium article tomorrow tell me exactly as of today right as of
speaking right now on the record like where does backbone stand in regards to what you've been
developing cooking working on and how we're looking for the next you know couple of weeks
uh the next three months and then and then the next six months so what's the kind of like
roadmap that you guys have got sketched out for that for the next coming period okay so um like i said the prism thing
was supposed to happen uh this this week but i had a little hiccup because of the death so
it's just going to sift back a week so next week we will start the our prism campaigns
these are seasons they they each run for 45 days. Each season will have 1% of our supply, and you will be able to use their instant week, we have Dragon, I mean, Dungeon Chain,
and with their second game, but the first game on chain, and it's this Dragoon Rider game,
and it's really on chain gaming in the cosmos. I mean, these guys are, again, a group that's really having a lot of fun, and they have a mission for what they're doing with their blockchain.
a mission for what they're doing with their blockchain.
And then we also have a Gravedigger Mint that's been in preparation for a while on Chihuahua
and the Boneyard NFT community.
And that's like Lord Ginge and that's like a heavy music oriented collection.
And again, Chihuahua has a bunch of products coming out and um they've had a supported
a grave digger for a long time so we want to make sure that that there's a marketplace for creators
that they want to have things happening there we just want to make sure that we're supporting these
these chains that feel organic to us we're tired i'm so tired i can't i can't i can't tell you
robo i'm so tired of feeling like i just get sold the same shit over and over again.
So, you know, we're just not going to deal with that shit.
How many chains will that put you on?
About eight or six?
Well, the DEX is on eight chains, the one we just inherited.
So that's one.
And then our LSTs are technically, I mean, the ones that we have a decent amount in, I think it's like five right now because, you know, Coogee closed down.
That didn't work out.
A couple didn't work out.
That's just what it is, right?
So, and, but I think we're on like five, no, four marketplaces, about to be five, you know, if we do Adam.
We're going to, like Miguel Lundicic said, Rooji's always been in the cards for us.
You know, I love what Thor Chain is doing.
He took a big bet.
I loved Kooji.
I thought that was always a great product.
I mean, that's a lot of ex-Lunatics who were over there.
And, you know, I definitely was one of the people that migrated tokens when they first won.
I mean, look, again, if you've been in this space and you've been participating hard uh you know a lot of a lot of losses i guess there was one thing there was one thing i really liked on uh friday when we were talking and it
was your attitude of like when they were talking about the hub and you were like well it's costing
the hub like all like there's no it's not like we're asking for community for i mean normally
you know when somebody wants to deploy they want a grant they want this they want that we're just
saying it on neutron with their upcoming platform and you were like kind of like look bro like we're
not asking for anything this like costs people like, and it's going to bring value.
And I was, like, kind of like, well, he's got a point.
You kind of deny it, right?
I mean, it's very difficult, right?
But, again, the people who, like, shout this down or shout us down, like, we're good participants.
Anybody shouting us down or want to participate just to deploy our stuff and have events with our own people and if other people find it fun and they participate it's just a net positive to these networks right like i think that's what it's all
about and uh the ones that the people's getting otherwise might have alternative financial
the ones who cry the loudest probably have the alternative motives right
yes mate i uh crypto enthusiasts i'll tell you what guys you know what i would love to go on
for like another half an hour i could easily uh but big bands we always like we've done the numbers
the number crunch and honestly they show us that around about the hour mark always 100 let's just
wrap it we can land this plane it's just good to touch base i just wanted people to know that
things are happening it's just a little little delay because of that unexpected passing in the family but we're on track and I hope that we answer some questions
and maybe inspired some people to join us on this mission because again backbone backbone is going
to participate right it doesn't matter we're going to always find a way to participate and now we have
this new soul thing and I think soul is a really interesting project because again it's about really capturing value from energy it's energy
we're capturing value on energy and projects and participating in ideas and
then we have a community store soul of value that when you're staking this and
doing this you know we have a we I guess we're gonna have to educate and come up
with some stuff but again we can be financially responsible as a community.
I think that's a really powerful thing to do,
you know,
just like,
just like,
just like,
you know,
a little nation state,
you know,
we can all,
I don't know,
maybe I'm dreaming.
Fuck it.
Well,
I'll,
I'll mention,
I'll mention something that cropped up the other day,
right?
For people who might not know is that we did do a seven hour space,
unrecorded space
on friday jj was up for probably about probably about 90 minutes almost uh talking with rama you
know so i was very careful about not wanting to rehash things but also wanting to get stuff on
tape today and dude the one thing i will say i will say at least is of being like pretty transparent in all of this i think one
thing that a community can smell a mile away is like transparency and i was thinking back like
you know when i talked about the earlier being resilient i was kind of like pretty transparent
as well and i talked around right after the space on friday like and he exactly said exactly the
same thing straight away like he was like your man's transparent as fuck you know so i think
people appreciate that dude oh man that's awesome you know that's that's really i mean that's all
we can do is just like show show what we have to the world see put your ideas out there you take
your swing if you don't take a swing you're for sure going to miss right so that's all it comes down to and uh i think that's the only way to kind of make it in
this world anyway right yeah man are you doing are you doing that you're doing your weekly
community calls now have you taken over the old uh the white wheel slot like yeah we're trying to
make sure that we continue to provide that consistency and just engagement.
But, I mean, again, I like it.
So to me, it doesn't even feel like it's not even mature.
It's like fun.
You know?
I like doing that stuff.
But that's like, is that Thursday?
Is that 11 a.m. EST or something on a Thursday?
Is that right?
That's the target, but it definitely slides around a little bit. Sometimes we have a guest on it, and if they're in Asia or something,
we try to be accommodating, so it can slide.
But yeah, we're in that window, for sure.
Right, and so what should people be keeping their eye out for?
The medium, you said it's probably going to drop tomorrow or the next year, right?
So that'll be Tuesday or Wednesday, right?
Sorry, Wednesday or Thursday, is that right?
Correct. uh that'll be tuesday or wednesday right this guy sorry wednesday or thursday is that right correct and then when does the prism campaign actually kick off i i'm we're gonna i'm gonna talk to ollie but it will i mean it was supposed to be this week but it'll just have to be next
week and they you know they have a really great system that's really uh easy to set up i can't
wait to show it off that That's the other thing.
Launching a token on Prism, I think, is going to be a very interesting experience.
I think it's a very fair way to do
Did it approach you?
Or did you look at that product and see it?
Again, it was a community
member who's been
part of Prism from the
first iteration, and
it was just an active member who saw an opportunity.
And I was like, this is actually really interesting.
And we're going to try this just like we did a stream swap and, you know,
you know, we're, you know, backbone kind of like to, you know,
be first movers and, and try, try other people's products. And, and,
and, and, you know, I don't know, you know, it's just, again,
it's about making energy and doing stuff together.
Otherwise, like, it's just a bunch of fucking weenies
sitting around doing nothing by themselves.
Yeah.
Bottom line is, everybody stop being a weenie.
Everybody stop being weenies
and start being supportive,
you little fucking weenies.
I saw, hey, look, I'm going to make an official,
if you guys don't know,
I make an official statement right now.
This is where I stand.
This is my line in the sand.
I support backbone labs.
I hope everybody else supports backbone labs.
I hope they actually see themselves on the hub.
And I hope that everything that they're doing,
gets a lot of support because I think it's,
I think it's Robo's already said it before.
You guys have been forthcoming through and through.
You guys have been,
if the effort,
I mean,
alone doesn't
stand on its own two feet i don't know what else everybody else wants like go kick rocks suck dirt
like i always say i think i think it's phenomenal i support it 100 man hey that means that means a
lot coming from you tank you know you're another one you've been on this journey we've walked this
journey together now for like four years you know and we've definitely were in our own ecosystems
trying to find our own thing and you know what i mean it's just it's been a wild ride
you know finn there's a lot of us that have just kind of you know fox like there's a bunch
there's a bunch man that just you know robo come on guys you know we've just been doing this for a
long fucking time and you know b-bands you've been you've been grinding since the skeleton
space skelly days i've been you know kind of seeing you participate like hardcore it's at a certain point
the you got your guys opinion that i that means most to me right because you guys have your own
reach you guys have your own your own audience but you know it's you guys are my peers and so
it's your respect that i'm really yeah i think i think though and definitely with
us and i do know this applies to tank as well for us like work ethic uh beats talent every every day
of the week it can be as talented as you want to be but if you're not fucking there and you're not
putting the hours in in the grind then it's it means it's consistency right robo it's consistency
more than anything like we've seen cruise teams official cruising teams and
you know these foundations and projects come and go right who's still here still literally putting
in the effort literally standing up trying to do things with the community i mean it's
it's it's there people i mean you've got to be blind or just
well just look at the loop yourself if if you don't say that backbone labs uh rack fm you know the
small little content creators like myself have that have all been here you know not just content
creators but just just i say more community supporters uh you know and advocates than
than anything else i hate the word kol because i would assume that people get paid and I'll get paid shit. So anyway,
anyway,
just think about just,
just,
just for people in the audience,
just think about loop for a minute,
guys,
just think about the $2.4 million that they've got in funding pretty much
around the same time as like backbone,
like kicked off.
Right.
And then think who's had the grants,
where's the money gone?
What,
what's actually like,
what, what's fungible now?
What can you now go online and actually use or trade upon or mint upon or, or where's
the team?
Where's the activity?
Where's the announcements?
Where's the engagement?
Like, it's not there.
But that will be because they like ran everybody off, right?
Like on Juno, like, I swear, like when you had the shot for that, I was like i'm i'm in i'm i'm gonna get a validator i'm gonna vote for him like i would
have done that right because because you wouldn't have sat in your own sandbox doing nothing by
yourself you would have like gone out and talked to people that should have been more hostile
that was my biggest mistake i should have been more hostile yeah that would have been i mean
let's not look backwards we just look forwards now now we just do the next thing fuck it but
hey 100 though i still have that project.
JG, you know what I'm talking about when I say this.
I still have that project that I've shelved for forever.
And dude, I think it would be a perfect fit.
I think it would be a perfect fit to slide in if things go the right way.
And it'd be a great story because it still fits the whole entire space, dude.
It's like – I'll pitch it to you.
I'll show you a couple more things.
It's fucking phenomenal.
But I've shelved it for the entire time.
I remember.
I remember exactly what you're talking about.
I know exactly what you're talking about.
It will fit.
And anytime you want to come participate and do this, we do this.
We make a community.
We build something together.
And, you know, it's all about just trying to, you know, we can do better. I know
we can. It doesn't have to be the same shit. We don't have to take the same ride. We can all love
our projects. Backbone can get a validator on all these different things. These fees can come back
into the system. And whatever occurs later on, we don't have to be so married to anything anymore.
That's kind of the dream for me, I think, right? think. I don't want to be married to any singular blockchain. I want our community to be on a different mission floating above all these
chains, but participating, championing what their ideas are, using the products, showcasing them,
demonstrating it, but not married to the fact that somebody who might not understand finances
doesn't need to be the heart and soul of the backbone finances, right? Like that's kind of like what the dream is for the system here.
Well, Gigi, I mean, on that note,
that will be a perfect time to kind of wind it down.
But I'm just going to say this on behalf of Rack FM and the team.
I wholeheartedly and sincerely wish you guys nothing but the best of luck
because like I said earlier, you know,
you mentioned about
people grinding and that like i said work ethic and hustling and grinding to us are far more
important qualities than you know knowledge or uh or talent or whatever like you put the
fucking work in like people deserve the reward for that like for us we we take we take a good work ethic over like say
like i didn't want to say like you know i'd take it over top talent but you know what i'm saying
how it doesn't matter how talented you can be with your your dev work or whatever right your designs
if there's not the grind and the hustle and they're absolutely like every day hitting that pavement at 8am and you know you're there until
10pm 11pm 12 at night whatever it is nobody can ever take that away from you as a team
that you i've got to take my hat off to you and say like for me that's probably like what i've
noticed the most is the constant constant hustle grind and not always being there with like a permanent you know
all of a twist like can i have some more sir you know can i have more community pool grants and
like you know it's not as if you have like always like lived by that ethos and and that's i think
that's a defining quality maybe that more teams should take on board. I've been talking about this for quite a while and I'm,
I'm behind the ethical way that you've run your org and developed it.
If I'm being very honest with you, I like it a lot.
Well,
that's probably because we don't have an organization and we're just a bunch
of like dudes who just been doing this for four years.
Probably we are going to, for fucking four years. Probably one of the times.
We are going to incorporate.
There's a lot of stuff we have to do for this soul token.
We need to do things that protect ourselves
from tax-wise.
There's a lot that has to occur in the next 45, 60 days.
And Robo, I don't want to get on the
tangent the hour is an important mark uh thank you so much for your time tank you know megalunitic
b-bands thanks for letting us come up and uh you know chop away for an hour and hopefully get some
exposure and uh hopefully inspire more people to join uh what we're doing right because at the end
of the day if you're not doing interesting shit or you're not interesting, the shit that you're, no, nobody cares.
Right. So, so, you know, bring passion, bring fire. These are things that resonate. These are
like the vibrational frequencies that resonate with people in this space. I feel this works for,
for me. And because maybe because, you know, but you got to believe, I guess, what you're doing
too. I think that's the other thing. If you you don't if you're not believing in what you're trying to do
anyway then like I don't know I guess follow somebody else who believes in what they're
trying to do I'm not sure what the you know but stay safe out there robo thank you man I appreciate
that I shut up no worries mate no worries yeah we'll wind it down because we're on the hour 15
we're perfect but I do hope it's been it you know jg just a little bit of a different chat i didn't just want to you know come in and have all of the
talking points that you know you might have covered on other people's shows or your space
like i just wanted it to be you know a campfire come around the campfire let's have a little bit
of a chat let's have a little bit of a bandar nothing too serious but still you know getting
to find out i like i've found out quite a lot of stuff that i wanted to find out today so yes mate
absolutely buzzing jg thank you very much son i appreciate it yeah yeah yeah robo thank you so
much for your time man i love you brother no worries man no worries and on that note people
we're gonna wind it down if you didn't listen to last night's short we did do it not the
nine o'clock news at 9 p.m last night we're doing it every monday uh you'll be able to go to the tl
scroll down and you'll find the replay uh we had an interesting two hours me red high finn uh tank
couple of others uh we did cover a few subjects but whatever you do guys definitely make sure
that you've got your
notifications on for obviously backbone and then the backbone labs uh hub and if i was you lot i'd
just be keeping an eye on what's brewing because i've i've got a sneaking feeling that they're
going to be on the hub uh soon enough i think that competition is going to be essential for the hub
to survive actually and then with this soul situation and
the new launch on prism there could be definitely opportunities abroad like people you need to be
keeping your eye on the ball because if we're you know entering into prime buller again which it
looks like with uh what's happening with you know legislation being passed and blah blah blah and
the usd stable coin uh we might just find that we might have an unexpected
uh crazy bull run and then we all know what happens then so yes without further ado i just
want to say good night and god bless to everybody obviously it is evening over here in bangkok we're
nearly at the witching hour this has been ratfm with backbone labs air trading souls
take care good night and god bless people bye bye
