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VECHAIN DEEP DIVE $VET WITH SUNNY LU
Recorded: May 1, 2025 Duration: 2:16:45Space Recording
Short Summary
In a dynamic discussion, VeChain's CEO Sunny Lou highlighted the platform's strategic partnerships, innovative projects, and upcoming upgrades aimed at enhancing decentralization and user engagement. With Bitcoin's surge and a focus on sustainability, VeChain is positioning itself for significant growth in the evolving crypto landscape.
Full Transcription
Thank you. check check check can you guys hear me yeah Yeah, we're good. Let's go.
Yeah, we're good.
Awesome, awesome, awesome.
Yeah, I had to launch it on the desktop here.
That was giving me some issues on the phone.
But guys, we are back.
Crypto Breakfast Club.
We're turning the page to May and Bitcoin is off to the races.
The market's looking great.
And we've got an unbelievable space for you today lined up unbelievable guests and uh
a deep dive into v chain today uh with their ceo sunny lou so we're super excited about that
real quick guys as we get a bunch of people in here and get this thing fired up you guys know
what to do okay do us all a solid let's share share this out. Let's get hundreds, if not thousands of people in here listening to the Crypto Breakfast Club and breaking down what's going on with the markets.
We'll get into macro. We'll get into overall kind of, you know, what's happening in the space, altcoin market, and of course, a deep dive into VeChain and what they've got cooking.
market. And of course, a deep dive into VeChain and what they've got cooking. Can't wait to get
Sonny's thoughts. And really, I want to talk a little bit about their journey because they've
had to evolve a little bit and change. And some of the great projects who've been around long enough
know that you have to evolve and adapt. And I think that's part of their success. And obviously,
to me, VeChain's been one that I've had my eye on since
the early days, at least for me, when I got into crypto right around 2020. I was looking for those
projects with use case. I was looking for those projects that actually, I could look at it and
say, okay, I get it. Okay, this is why this is here. When it comes to supply chain, supply chain management,
we know how much blockchain could provide
and make those processes easier and better overall.
So can't wait to get into it.
We've got our co-host up here.
Sonny just joined us.
Bitcoin Barbie's up here.
If you all do want to come up and join us and ask questions,
become part of the conversation, definitely you're able to do that. Just request and we'll
bring you up. But Zach, I'll jump to you, man. I know we've talked about VeChain here on the
space before, but what's your take on VET and what's your take on the market right now?
Yeah, man, the market is looking great. Can you hear me? Just want to make sure.
Yeah.
Yeah. No, everything's good bitcoin
you know is doing what bitcoin does um you can't underrate the most valuable asset in the space um
and that's just that's just from where it started um i know you know some people were bearish but
at the end of the day it's almost hitting 97 000 so how can you complain about that kind of in a
in the economy we're in you know there's still not liquidity on the retail side.
But here it's all, you know, institution driven.
But I'm loving the market right now.
Man, VeChain, I'm excited to, you know, listen and get deep into this.
But I love what they're bringing to the table, their tool chain, you know, the business where they integrate blockchain with you know without
needing deep technology knowledge so that's a huge asset to onboard you know normal people
into crypto and if you want to build with them so i'm loving it i'm excited i'm actually going
to take notes today um not speak forever because obviously we got sunny up here so let him give him the platform and i'm gonna take notes
listen to a genius i know he's laughing but overall man the market's looking great uh there's
there's so many great altcoins out there too i mean i'm looking even you know sweet we've been
talking about sweet ecosystem for a long time you know they're up almost almost 22 in last seven days that's bullish there's a lot of great um
plays going on right now meme coins have kind of subsided a little bit but it's great for all
coins season it's the time to build it's the time to be strategic in your portfolio and really just
watch the next wave um of the space and i think it's going to be all coins people are moving
liquidity into some great place. And
at the end of the day, your portfolio should be those top altcoins, Bitcoin, that stuff as a
backbone and not just having all your eggs in one basket and meme coins. But there's still meme
coins that are running. You can't knock the top meme coins on, you know, the top chains. I do
exactly what you do, Zach. And, you know, Shib, Pepe, that kind of stuff.
That's going to run when Ethereum, you know, moves,
which I think it will move.
I think it's a sleeping giant,
such great security on there.
And then with the gas fees lower to scale,
you know, for layer twos,
but we won't go too deep into that.
This is definitely a V-chain space.
So I'm going to hand you over the mic.
Hope you guys are enjoying the day and I'm gonna take notes 100 man yeah and feel free to jump in if you got
questions at any moment obviously uh you know you're a co-host of the breakfast club you can
jump in whenever you want paid uh i'll pass the mic to you man um and guys share the room if you
have not already i just got off a live stream.
I'm like ready to go today, man.
I don't know why.
I must have been super excited that Sonny was coming on to join us because I woke up at 4 a.m.
just wide awake and like nowhere to go and really nothing to do.
But yeah, so we're ready to go.
Paid, what's up, man?
Yo, good morning, everyone.
Good morning.
Listen, I'm the same way.
I'm pacing around my house right now. I'm pacing. I got too much energy. I went to the gym. I'm pacing. But you know what? Listen, real quick, guys, make sure you're sharing a room like Zach says. But I just want to point out one thing, guys. One quick thing. I need everyone to lock in with me for five seconds here.
Club has been working our butts off. I'm going to be a little PG today. Have been working our
butts off for the last year. The last year, right? Lock in with us. For some people in this room,
they can't lock in for 30 days. The last year, Zach, Zach, and myself have been working our
butts off to give one of the best shows on crypto Twitter. 100%.
In my opinion, it's the best show.
We have locked in today one of the top minds in crypto,
one of the top minds in the world, Sunny Lou,
and the V-Chain community.
By the way, I'm one of the biggest V-Chain holders in the world.
No, I wish.
But we have locked that in.
And I feel like a lot of people don't see right now that
the dream has been manifested. The prayers have been answered. Some people don't realize that we
have been working hard to get to this point where people like our Sonny Lou recognize all the hard
work we're doing. So real quick, real quick, just real quick, Zach, give me a second here.
I need everyone to close their eyes, take a deep breath, think of whatever the biggest dreams are.
Just take the breath.
What's your biggest dream?
You got the dream in your head?
Good.
Open your eyes.
Not big enough.
Do it again.
Close your eyes.
Think of your biggest dream.
And for the next 30 days, that's all you're working on.
Because a lot of people aren't locked in.
I'm sorry.
A lot of you people are not locked in.
I need you guys to lock in.
Because you're witnessing right now a dream being manifested in real time.
It took us a year.
But for 30 days, I need you to lock in and do the same thing.
So guys, if the homies hit you up and say, hey, we're going out to get drunk and we're doing X, Y, and Z.
No, we're not.
I'm locked in.
I'm getting my dreams done.
I got to work.
Ladies, if the ladies hit you up, oh, let's go get some pink Cosmos and get cute. No, I'm in sweats tonight. I'm locked in. I'm working. If your significant other's hitting you up. Oh, oh, we're going to do this. Why didn't you do this? No. Listen, you want to go to Italy, India, Maffi Coast, driving to Aston Martin, drinking a pina colada, drinking in, you know, diving right into some blue waters. Fine. But I need 30 days right now to lock in.
Blue Waters, fine.
But I need 30 days right now to lock in.
I need everyone in this room to lock in because right now it's an honor and a privilege to
have Sonny Liu in the V-Chain community here with us.
They're not anywhere else right now.
They're with us.
So I need everyone to lock in, follow your dreams.
Let's get it.
Sonny Liu, I'm going to pass you the mic.
But right now, this is not just a mic, Sonny.
I'm sorry.
This is not just a mic for me.
This is one year of hard work, blood, sweat, and tears. This is not a mic, Sonny. I'm sorry. This is not just a mic for me. This is one year of hard work,
blood, sweat, and tears. This is not a mic. Sonny, this is a dream. Let's go.
Let's go. Also, Payne, before we get to Sonny, I do want to say, since Zach started space on his
computer, there is no purple bubble, so you're going to have to go to his profile and put comments
in the section where he launched the space. So the mic is all yours, Sonny, but I just want to put that out there.
All right.
Good morning.
Good afternoon, guys.
Well, you guys just make my face blush.
By the way, I'm in Italy right now.
So the weather is good.
The food is good.
Yo, wait, hold on, Sonny.
You went to Italy without me, bro.
I was just talking about being off the couch. You you didn't say nothing to me what is going on well i live in italy i moved to
italy like a few years ago uh great place actually well even though i i don't really spend
like a quarter time here uh but yeah um i'm a residence here in italy in milano
how about you guys listen i'm in morocco bro i'm in morocco yo find me i'm coming I'm a resident here in Italy, in Milano.
How about you guys?
Listen, I'm in Morocco, bro.
I'm in Morocco.
Yo, fly me out. I'm coming.
I'm coming.
I'm going to be a baddie for a weekend.
Fly me out, Sonny.
Sonny, I'm going to be a baddie for a weekend.
Fly me out.
I'm not talking to no girl right now.
Fuck it.
Never mind.
Never mind.
You know what?
I'm not bringing anyone out right now.
Just going to be meeting you, Sonny.
Yeah.
Let's find the right time.
Actually, i'm flying
over to us again tomorrow um for a few meetings drip summit um then also following up the consensus
uh in torrento actually i have a keynote in torrento talk about the v10 renaissance so yeah
well what a passion guys it's a great space i what a passion talk i like you guys
so yeah um any fire up any questions or any how do i get started it's a long journey oh go ahead
yes sonny what i where i want to start is just kind of like your your path too because you know
your path too, because you coming into blockchain,
but also kind of VeChain's start
and the formation of everything back from 2015 to now,
just, I mean, I know it's a long journey.
There's a lot to say there,
but take us through kind of how you got to where you are now.
Sure.
Well, everything actually starts from gaming. Also, I was a gamer. I played World of Warcraft.
Oh, let's go, baby. Let's go.
For the Horde.
For the Horde!
Yo, listen, Sonny Lua and I are best friends, you know? That's it now.
So it was, I think it was in 2012 or 13, and I was playing a world of craft and some dude,
random dude, offered, you know, buy some stuff, cool stuff, coins, game coins.
And I say, I don't have a dollar, you know, I cannot pay dollars.
And I say, well, you can pay bitcoins.
You know, at that time, Bitcoin was like, I think it was 2011 or 12, something even before that, like it's one dollar ish.
And I feel like, well, that must be a scam.
So I didn't I didn't really pay attention, but it kind of like the Bitcoin, the word can put in my inception. But a few months later, the other occasion conversation,
I got the name of Bitcoin in front of me again, and then start to take serious look about that.
And also some of my friends introduced me to the famous BBS. I don't know if you guys know BBS is,
I don't know if you guys know BBS. It has been long gone. It's called BitcoinTalk.org.
So basically you got all of the guys hanging around over there. And even Satoshi, like before he disappeared, he posts everything on the BitcoinTalk.org as well.
and you know next thing i know it's just like uh go through all of the posts um find some new
friends and even go to um took a deep i took a deep dive about the bitcoin white paper and
then get fascinated about that and then you know try to hang out with all of the crypto guys or
at that time it's only bitcoin guys and um try to let's say try to
start to do everything i can you know i did the mining business i built up the mining farms
actually our our greatest time we reached the six percent of the hot power of the total global networks. And, you know, it was a really great time.
But then later on, like in 2015, I feel like it's the right timing.
And firstly, Bitcoin mining got me the first bucket of money.
I can start something.
And secondly, one of my mentors, actually, I'm going to meet him tomorrow afternoon, Shen Bo.
Shen Bo is a founder of Funbush Capital.
So he took Vitalik to Shanghai, you know, to do, let's say, to help Ethereum to do the fundraising.
to help the Ethereum to do the fundraising.
Actually, Vitalik was experiencing some difficulties in West Coast
because there was, you know, let's say that place was full of Bitcoin maximists.
He was having trouble in terms of fundraising.
And then Shen Bo took him to Shanghai to meet all of the Bitcoiners in China,
go over the whole countries by the way you know china was um china was was number one in terms of bitcoin horsepower i think represents
70 or 75 of the total horsepower of the global um and then you know we meet a couple of times
And then, you know, we meet a couple of times and we start to discuss about, you know, smart contracts, the next version of the blockchain, everything.
I think it was in 2014, 15.
And then I feel like that's the right timing.
You know, if we consider Bitcoin as the pure ledger system, if we took an example, it's like Excel, right?
You can keep the data in immutable
to change but with smart contract you know um evm you can make activity immutable to change so
comparing like a bitcoin versus uh ethereum it's more like a new application. So, you know, it's more than just keep the data immutable,
but also you can keep business activities
or any kind of human activities immutable over the blockchain.
So it really opened up my mind.
I really appreciate this kind of inspirational conversation.
So a couple of years later, when we launched the Vechain,
when my engineering team asked me, like, okay, what should we put into the genesis block of VeChain blockchain? I said,
okay, let's respect, you know, the giants helping us before. So we put the salute to ethereum uh in our genesis block so um yeah and by end of uh 2015 you know i i by
by the way i was still working the louis vuitton as um um setting you know luxury bags lady bags
it was quite an interesting experience um and also by the way there is another funny story i want to share
in louis vuitton since i already get into the bitcoin and i made a proposal to louis vuitton
to accept the bitcoin in the stores could really ease the payment process especially for
oversee payments right imagine whoever coming to traveling around to the different
stores globally they may have a challenge in terms of oversee payments or foreign currency payments
especially to chinese clients and i propose i seriously i wrote a very serious proposal to
serious proposal to our CIO groups to propose that.
For sure, they didn't take it.
I think Bernardo may regret to death now if they start to accept the Bitcoin 2015.
Imagine that.
But also, it kind of figured me like, oh, okay, maybe that place is too rigid, you know,
it's too conservative.
So I made a decision like,
okay, I quit my job as chief information officer in Louis Vuitton and start the V10 and, you know,
work everything since then.
Awesome, man. Awesome. I know Larry just joined us too. Yeah, I'm sure a bunch of other people are going to have some questions, but I do want to bring in Larry real quick. Larry, what's going on, man? What's happening?
beyond here, but we got pushed ahead.
But yeah, what Sonny's talking
about, yeah, shout out
Kobe from Tenbushi.
Offices in Shanghai and in
Japan. So I was just with
Kobe at
the free festival and at
Hong Kong Finance Week.
So it was a good meeting
as always, yeah.
I was there with
Yat-san and also with uh with justin son
nindo yeah yeah we're at the british round table so i'm just continuing to work right now in the
uk but sunny i met you before too also worked uh for lvmh uh their on-chain protocol in the gcc but i think i met you in shanghai at the ethereum uh
which was pretty recent in singapore as well yeah so
but v chain is doing big things so shout out v chain and uh i'm uh as you can hear from the
background noise and we're about to take off soon but But, Sonny, I've met you a couple times, actually.
So, yeah, I worked at – I was in charge of APAC for Sertik before.
And then I was at B&B Ecosystem.
Yeah, I was at, you know, Meme 4 on their cruise during Consensus Hong Kong.
So, as well, I think I met you as well.
Oh. consensus Hong Kong. So as well, I think I as well. We are also one of the top
10 mining
aggregators in the world.
My founder
is Lucas
from Shanghai Suzhou
and we're from Hash PowerX.
Well, I haven't
done any kind of mining since
2015. For a while.
But Kobe and I haven't done any kind of mining since 2015. For a while, yeah. Yeah, for a while. For a while, yeah.
Yeah.
But Kobe and Cedric Kobe and all those guys are common companies. So I just want to say hello to you again.
It's been a long time.
Likewise.
Likewise.
And I'd love to talk to you on the back channel.
You're working with Zach and Paid.
It's a good venue for VeChain.
The community is very active here.
Before we take off on the plane, I just wanted to shout out VeChain.
Doing a lot of different things to integrate more than just standard Web3.
I think it's an approach to being layer-in-chain agnostic.
I'm pretty excited about that.
Yeah. Yeah, that. Yeah.
Yeah, that's great.
I also want to shout a little bit about FNBUSH Capital.
Larry just reminds me.
Firstly, I do really appreciate whatever FNBUSH has been doing
for the entire crypto space, not only just to Vechain.
We took the first investment from Fendush in 2000 early 2016 but uh i would say fendush was the
first one seriously investing heavily in that area um yeah he the investor theory they were the first
seed funds for vitality and also vitality a general partner, one of the three general partners, along with Sunbo
of Fungbush Capital until like 2019 or 20, something like that.
But they started everything, I would say, especially for China.
You know, they put a series of $50 million in 2014-15 to go all in, invest, you know, blockchain projects.
And honestly, $50 million back then, it was crazy.
It was crazy.
It really boosted up the entire space, not only for China market, but actually global market.
So it's really a pioneer.
APEC.
Yeah, all of APEC.
There'd be no water drop.
None of the other VCs are home off of it without Tembushi now.
So shout out Tembushi.
Yeah, for sure.
Yeah, yeah.
Awesome.
I want to get to some hands here.
Bitcoin Barbie, looks like you have a question for Sunny.
Jump in.
Yeah, good morning. Good morning, guys a question for Sunny. Jump in. Yeah, good morning.
Good morning, guys.
Thanks for having me on as per usual.
I really wanted to hit on VeChain's expansion and how they're moving.
I know that there are several grants that can be utilized in order to build off of VeChain.
utilized in order to build off of VeChain. I'm curious as to what type of projects that VeChain
is really eyeballing for these types of grants, and what is the best way for a project if they'd
like to build off the VeChain network? Which would be, what types of projects would be the best to apply for these types of grants?
Great question. Great question. Well, firstly, VeChain is one of the diner coins in the space.
We have been here like eight years. VeChain blockchain has been running for eight years with zero audits since then.
I'm very proud of that. And also, WeTN goes through three stages,
or we call three white paper journey.
The number one was 2017.
We released the white paper for ICO purpose.
And then 2019, focused on enterprise adoptions.
And, you know, so in the last few years, we have been delivering like
food safety platform, Walmart, China, BYD for carbon credits, battery management,
RISI for ocean cleanup, H&M. So yeah, there were like 100 different enterprise level applications.
100 different enterprise level applications.
And then in 2023, released the latest white paper
with Boston Consulting Group together.
We call it Web3 for Better.
So specify our strategy and direction
into sustainability angle.
Okay.
So, and also follow as the deliveries of the white paper, in June 2024, we launched the new ecosystem
we call VBetterDAO. So if you go to VBetterDAO.org or VBetter.com, you can check everything. So
basically, VBetterDAO is an ecosystem to enable decentralized applications to incentivize individual people to do better actions or make a better choice on your daily life, and then you get rewards.
Let's say the VBetterDAO right now is our focus
and our interest or our grants
is really focused on helping small applications,
even individual developers or enterprises
to build any applications could following this X2EARN format.
So I give an example.
There was a mugshot.
Actually, it's one of the biggest.
It is not one of them.
It is the biggest application right now. They just reached over 920,000 users as a total.
So, I mean, even in Web 2 could be nothing,
but in Web 3, it's pretty impressive.
And people can drink coffee without using any paper cups or plastic cups.
So basically, you use recycled mugs, then you get rewards.
And next thing you know, you can top the better token, top the rewards to the credit cards to pay for everything you want.
So it's a complete cycle.
And the application like a MockShot, actually there are 30 something,
30 applications so far and total more than a million users right now.
So whatever we want to do, let's say our resource, our efforts,
it really incentivize or motivate any developers, any startups are working on these directions.
And also along in ways, any kind of infrastructure to be able to support that, whatever is liquidity making, liquidity building, or any kind of technical protocols like bridging,
you know, like a swap, like borrowed lending, DeFi protocols, as long as you can support the
ecosystem grow. And, you know, we're willing to support that. Yo, Sonny, real quick, to piggyback
off that question, do you have, and I know it's probably on a website, but do you have like
what the basic requirements for those grants would be for someone who's interested? Because
I know there's a bunch of builders in the room right now who may be interested in looking at
this. And also like, what is the minimum slash maximum amount that someone could receive for a
grant? And the reason I'm asking this is because my mom is actually a grant writer. She has gotten
grants, you know, multimillion dollar grants like, historic building renovations and stuff.
Wow.
So I'm on that side of things.
And I kind of wish she was in this room now that that question is here.
But she just went to the market.
Yeah.
Impressive.
I was actually kind of mad at myself.
I was like, Mom, just let's go up.
Do you have any insights on that?
Because I would love for my mom to actually hear this conversation back because, again, she wrote grants for about 20 years.
So if you could tell us some of the requirements, that would be great.
Sure.
I mean, well, you asked me about the right timing.
Actually, we're working on the upgrades of the next version of Grunt. And basically we wanted to connect the Grunt process
to the vBetterDAO application onboarding process
and let the community to decide together.
But generally speaking, let's say VChain's Grunt program
could be up to $100,000.
And also the vBetterDAO ecosystem itself, it's a very unique tokenomics design.
It's basically like a bootstrapping phase or bootstrapping support for the entire, let's
say, for any external application owners.
So every week, based on the community votes, you can get the token allocation.
You know, some of the application actually could get $5,000 per week or even $10,000 per week, that kind of a token, to helping you, let's say, bootstrapping for your starting phase on top of the grant.
So, yeah, that's actually just waiting for a couple of weeks.
We're going to have a new grant process.
But I have to remind everyone here, it's not just about writing a grant.
Basically, our grant program is linked to the deliveries.
So we could pay, let's say we're going to have an upfront payment to get you started,
but the majority part of the grant actually linked to the deliverables.
Like when you get listed in a VBetterDAO ecosystem, get people vote for you,
or how many user growth you can reach, and those
type of delivery or milestones of deliveries, and then you get grants by milestones.
Yeah, that's actually incredible.
Guys, real quick, we are hanging out with Sonny Liu today on the Crypto Breakfast Club.
Guys, share the room out.
We're asking the hard-hitting questions to mr sonny lu and uh
he got the answers so guys i want to make sure you know just to reset the room we are talking
v chain today we are talking you know one of the top 100 projects out there that's really doing a
lot of good stuff uh you know speak of the devil my mom just walked in uh so i definitely want to
get her i want to get her take on grant writing pretty soon, but I see hands like Mutasco, Bitcoin Barbie, Dr. Kong, and Connor just came in.
Let's start to Mutasco real quick, because I know Mutasco is going to hit us with something.
Hey, good morning. Can you hear me?
We can hear you. Hey, Sonny, good morning. Can you hear me? We can hear you.
Hey, Sunny. Good to see you.
I don't know if...
Could you speak to...
Because I've been in supply chain for 18 years.
My entry into VeChain was early, early on.
I went through the migration from the Ethereum blockchain.
So I'm very familiar with the journey.
Now, I'm also kind of plugged in on a lot of the partnerships,
whether it's, you know, the ones you just spoke about,
the food safety program, the Boston Consulting Group,
that led to the third white paper.
And one of the interesting things that I want to get your take on is we're seeing a lot of growth in the stablecoin market.
And I know that, I don't know, was it 2022 that VeChain launched launched the the v on the veto blockchain i think it was in march or
something like that that uh we had the the veechain stable coin right yeah v u fd so
yeah and i don't know uh i think you you did it with a partnership as a Nevada company called Prime Trust.
Can you elaborate on that and the changing dynamics today within the stablecoin world?
How are you leveraging that as well as, and this is a two-part question, the stablecoin side and also your partnership with Supply at Me,
they are more like an inventory monetization company in the UK.
Is that relationship still there?
What opportunities exist there today that you think could maybe a retail investor like me can leverage, for example,
not like just for institutions?
Right. Yeah, you're right. We start, especially, you know, following up the second version of
white paper, we kind of focus on enterprise adoption and supply chain use case, I would
consider like it was a low hanging fruits or how are you going to bring the enterprise into the blockchain world,
especially in the early days when the regulation was not so clear and everything.
But also, we can see the limitations for the enterprise adoption or use cases in the past.
Even though, let's say, the food safety platform of Walmart China is still running,
they're still one of the biggest
transaction contributors
to the Vechin Sword blockchain.
But also, due to the lack
of the regulation,
you know, enterprise
is not able to directly
integrate with token
or with crypto payment system or, you know, building up the new business model based on that.
So let's say the good thing is right now, especially in 2025, the regulation side is so much clearer across the whole world,
world, especially in two major jurisdictions. Europe just launched the Mika. And by the way,
especially in two major jurisdictions.
VAT and VSOAR just got confirmed of the Mika compliance. We're actually working on the third
type of the compliance with better token. Also, US is, the most crypto friendly president ever. I just met him a couple of weeks
ago in Miami. And surprisingly, he knows about a V-chain. I really like this conversation.
We can talk about that later. But with the clarity of the crypto in the major jurisdictions of the whole world, I would say enterprise will have
much more, let's say, no barrier, no any kind of barrier to going to, let's say, crypto phase or
crypto adoptions or blockchain adoptions. So right now, let's say, with a VBetterDAO ecosystem,
With the VBetterDAO ecosystem, we are kind of, let's say, upgrading the previous supply chain only, or, I would call it's more like human without no blood.
So I believe the future blockchain application
should have a token in play.
And actually with stable coin specifically,
you will definitely smooth up that kind of adoption as well.
And also, I guess that's also one of the reasons US to start regularly to stop stablecoin as a first.
Even Europe has been advanced a bit ahead.
There are three types of Mika compliance already defined.
The first tier is custodian exchanges.
The second tier is service provider.
And third tier is a token insurer.
So it's very comprehensive structural framework for Mika compliance.
But for U.S., getting started from stablecoin, I think it makes sense.
Because stablecoin now is, I think it's number five,
number six, largest US debt holder or buyer. It's very important to the US economy and also US debt
situation or US dollars position of the whole world. Secondly, we all know like stablecoin going to play a very important role in any kind of the future economic situation or economic use cases.
Actually, we are working on, let's say, thanks to Dana Wise support.
Well, we just announced that Dana joined us as advisor a few weeks ago.
And Dana is not only the advisor
entitled just hang out on the website, you know, with his awesome picture. Actually, Dana is doing
really actual work to support us. And Dana is helping us to engage some of the large enterprises as well, and building up, let's say, new adoption with stablecoin as well,
with business process can be automated or can be speeding up thanks to the crypto efficiency
or crypto technology, eventually could lead to even new type of bin small.
So let's say, and also you mentioned about the previous stablecoin solution from VeChain.
Actually, it was a really bad case.
Prime Trust went crafted.
And also, let's say, but VeTN Foundation kind of took the responsibility.
And even it's not our responsibility, you know, but we kind of paid off all of the creditors, all of the community members.
We launched the new stablecoin we call GlowDollar, which is regulated in the U.S.
And also focused on the sustainability angle
quite matching our strategy so a few months ago a couple months ago we launched the glow usd
and allow the user whatever you have the usd before we can redeem for you so we use our own
assets to subjectize cover the loss of the committee members.
But yeah, that's a side story.
But in general, I would say, especially think about the U.S. economy situation,
regulating the stablecoin as a first step, it totally making sense.
Oh, thank you. I was just curious about what that relationship is. And I don't
know if you touched on the supply at me. I read their reports annually. What is the status of
that relationship today? Supply me actually was a very small company,
even they are listed in London,
but I haven't checked about this case status for a while.
I need to double check,
go back to see with my team, honestly.
Honestly, I would have considered this a very small case.
Good stuff. Thanks for that, Mutasco.
Let's go to Dr. Kong and then we'll go back up to Bitcoin Barbie.
We also got me with us here.
We'll get to him next.
Thanks, Carl. Thank you. Thank you, Zach.
Can you guys hear me? Yes, sir. Dope, Thanks, Carl. Thank you, thank you, Zach. Can you guys hear me?
Yes, sir.
Dope, dope, dope. Thank you.
Sonny, congrats, bro.
Congrats. And Crypto Breakfast Club,
thank you for making this happen. Never in my world would I
think that even
be talking or standing next
to a founder of a project that I've been following
for so long. Sonny,
this is a dope project, bro. I've been in it for a while
and I got in it because of the tech.
So I wanted to touch base on that.
I was actually wondering if you can just do
a quick elevator pitch and let everyone know
exactly what VeChain is.
And I was hoping to see if you could touch base
on the supply chain aspect of uh veechain and what it's
doing with its its retail partnerships um and also i want to touch base on uh if you were going to
reach going into the supply chain if you were going to pivot into logistics as well too because
it would only make sense and um on the mark oh and i want to give you your accolades on your uh on the green initiative
that that v chain has been taken and been so uh public about the be better org the marketing
campaign the partnerships forget about it man like the tech was already there i seen the vision that
vet that that uh that had in the past that's why i invested in it so early and it just made it made
too much sense so i was hoping if you could touch
base on that.
Dude, your question could have covered a whole day.
Hey, we got it. We got it here, Sonny.
You ain't going nowhere, bro. Yo, Sonny, I don't know
if you know this. Let me point something out, Sonny,
real quick. You thought you were just covering on the
space. You just got kidnapped. You're here
all day, baby. Sorry. I hope you
locked it.
The best show for Crystal in the morning thank you yeah we could to make it crypto breakfast lunch and dinner and even um late night drink oh the late night drink is crazy
do it is hey hey sonny this is how you know you're talking to the crew that really, really supports you and what you're doing, bro.
And Mugshot, bro, Mugshot, those dabs that you're doing, I use them.
You know what I'm saying?
Like anybody?
Oh, cool.
What did you call that?
What did you call the terminology?
Did you call that act to earn?
Yeah, well, it's act to earn type of blockchain applications or decentralized applications.
I love it.
It's not the size of life. Yeah, all right, all right.
Okay, so first, elevator pitch about a Vechain.
Vechain is a layer one public blockchain application
focused on mass adoptions, simple, right?
Even it's not easy, but it's very simple.
It's a layer on public blockchain
application for mass adoptions and then let's go pivot a little bit about the supply chain
um again like i said we start from there but also we see the limitations but then you know actually
the the mentality or the methodology or ideology,
we have been thinking through about all of the blockchain applications.
Yes, supply chain makes sense, especially onboarding the enterprise.
You know, actually, that's how we can get started.
When I start thinking about what kind of the blockchain platform I want to build
or what kind of use case or application I want to build, I was thinking about supply chain.
Because the last job I did, last project I did in Louis Vuitton is actually a global track and trace platform.
So I was thinking about, okay, what about if I replace some of the database to be blockchain, right?
And then you can make the data immutable.
You can make peer-to-peer collaboration smoothly
and trustless integrations.
Then that's perfect.
That's great, right?
That's also actually eventually a couple of years later,
it translated to be the food safety platform for Walmart China.
And actually, it's not a platform by or for Walmart.
Actually, it's also allowing with 20,000 suppliers for Walmart.
platform and all of the suppliers and the Walmart China, they can all operate in the same platform
or, you know, system and they are able to upload or integrate their data from their end and make it
the entire supply chain process transferable, transparent and also treatable to everyone.
Right? And actually, as a fact, one of the results actually claimed by lab of Walmart China, they said before they launch this
platform, anytime they really try to retweets or call back the
problematic food, it could take like more than 10 hours.
And now with this platform, it's just a few seconds.
It's very easy to go.
So we can see the clear benefits.
But still, I would call it incremental improvement,
not revolutionary change.
Why?
Because there is, let's say,
limited usage or utility about the token. So what we think about,
you know, let's take a little bit step back from the practical concrete use case,
but think about ideology. What is really the revolutionary feature of the blockchain of the crypto, right? Actually, it's a new type of data format.
Its data can be trusted and also immutable over the blockchain.
So they must have some unique value out of it.
So when we think about the internet, what internet model is trying to monetize the data on the internet.
Those are data are coming from the real world,
coming from physical world, coming from human activity.
And then the internet platform just try to monetize the data.
So now we have a second option, or we have even better option.
Other than all of the massive data on the internet,
actually there is a part of the data, it's immutable. It can be
trusted. It's representing something. So that means the value of that type of data, it must be unique,
right? It must be even more or more value than internet data. So how are we going to realize that or how are we going to, let's say, seize that kind of opportunity to monetize that type of data?
I would say supply chain is not enough yet or the blockchain application is not really enough. requires, how do I say, individual involvement or retail user involvement directly to make the
supply chain not just only limited in, you know, suppliers, retailers, or distributors,
that kind of enterprise play. You should be reached to eventually to the end customer or retail customers to complete the whole, let's say, cycle.
So that, and also there's another ideology
behind everything.
We call it the marginal effect.
Think about that.
When internet started,
actually the fundamental or critical part
of Internet business model is actually relies
on marginal effect.
Okay, so what is a marginal effect?
Marginal effect is if you have a system
running at $1 million at a cost,
whatever is a system set up or any maintenance,
the servers, networks, and peoples,
and customer support, whatever.
Okay, let's assume one system running at a cost
of the million dollars.
And if you just serve one client,
what you kind of expect, right?
Mathematically, you expect the customer
could give you $1 million as revenue
or more than $1 million, maybe 1.2, 1.3, 1.5,
and then you can make your business profitable, right?
But if you think about another scenario,
if that system are able to serve 1 million users
other than just one customer, right?
And then what you expect,
you expect every customer,
averagely could give you $1.5, $1.2, right?
And then as a whole, you make your business profitable.
That's what we call marginal effect
or marginal network effect.
That actually, whatever you think about Google or Amazon or
Facebook or TikTok, Instagram, all of the internet companies, even Elon Musk is, you know, trying to
do the same for the Tesla. Why the Tesla cars, you know, getting lower and lower and lower costs
is just because of marginal effects, right? So I think that's a very good learning
we can get from Web 2, from the internet.
And the Web 3 is also, think about that.
You know, nowadays, everybody talks about RWA,
real world assets, real world assets.
You know, supply chain activity
is part of the real world assets,
but we are not just moving them to blockchain or record
on the blockchain. We also need to monetize that. We also need to tokenize that, right? So what kind
of assets, real world assets, we should tokenize? And I would say following that kind of marginal effect theory, it should tokenize the data,
tokenize the human activity
which we're not be able to discover
or we're not be able,
let's say we're not worth of discovery before.
I'll give you an example.
We did the BYD case back to 2019, right?
And, you know, we use a smart contract,
use the IoT device to calculate
or to monetize the data coming from the car computers, right?
And basically, if a EV car or hybrid car
drive about 10,000 miles a year or 20,000 miles a year,
you can have, you know have one-ton CO2.
And basically at the value about $50 or $200,
that kind of range.
But in order to certify the CO2 coming from one EV,
you got to hire the certifier like SDS, DMV,
those kinds of business auditors.
And they cost, they service cost is about, it could be up to $100,000.
So nobody is that stupid to do this kind of solution, right?
You get the 100,000 service at a cost, only the service cost,
to get $50 of value in terms of CO2.
Nobody do that.
But let's say if we change the thoughts,
we get the service provider certify the smart contracts,
certify the blockchain processes,
and we will be able to support, you know,
100 cars, 1,000 cars, 1 million cars.
If we are able to support 1 million cars,
that's $50 million per year as a value, right?
That's a marginal value or accumulated value
coming from marginal effects.
And the whole process actually starting from similar,
like a supply chain case,
because it's really about tracking trace data,
tracking trace activity,
converting to be the data and then monetize that.
Eventually, that's why we may need to spend a whole day to talk about this.
But that's our thought,
that's our fundamental logic.
How are we going to build the different types of devices?
Then talking about the vBetterDAO,
it could really, let's say this type of
the use case can be explained to many types of actions,
not just enterprise actions,
but also individual actions.
Like I said, you drink coffee, use recycled mug.
Yeah, it's a very small value coming from the fractional effort,
fractional actions.
You even don't feel like, why do we do that?
Why do we incentivize people to do that?
But, you know, based on the BCG research,
500 billion paper cups consumed every year in the global range.
And it's coming from 6.5 million trees.
So that means if we're able to reduce half of the paper cups,
just paper cups, nothing else, paper cups for coffee, for milk tea,
for, you know, whatever the drinks,
we will be able to save more than 3 million trees a year, right?
So what kind of the value of that?
But how are you going to get that type of value
or monetize that type of actions?
You got to rely on a blockchain.
Even you wanted to pay for someone,
oh, I just give you 0.01 cents, okay, for your action, and nobody cares, right?
And also the system try to get that type of data is too much hassle. Think about the traditional
payment system, the overseas payment system, you know, no one would ever to do that, right?
If you are running a company, let's say in Europe, but you try to get a user
from, let's say, Africa or Southeast Asia to do your, you know, whatever the program you want to
launch, and you say, oh, I pay you one cent. Then next thing you know, you got to pay $5 for a
transaction fees. No one ever to do that, right? But with the crypto, it totally makes sense.
That's what we call marginal effect, right?
So that's the fundamental logic behind the VBetterDAO
or even behind the upgrading from the traditional enterprise supply chain case
to the current VBetterDAO.
That's what we're doing, right?
So, and then when you think about the VBetterDAO,
actually, you know, this type of use case
or user actions could be really diversified.
It could be also linked to the different type
of enterprises as well.
I give an example, one of the application right now
in VBetterDao,
we call EV Earn.
We're supporting Tesla cars as a first step.
And actually we already get the API authorization by Tesla.
So the user, no need to use like a private keys
or wallet or those type of things.
You can log in the application.
Even we still call it a decentralized application, but it's kind of like
a normal Web2 application. You can log in the application by
Tesla accounts. And for sure, on the
back end of the system, it goes through the API
with the Tesla system. And then the data
every time when you charge your car,
the data from charging session
will be automatically loaded
to a smart contract
and based on how much you charge,
you get rewards.
So from the user perspective,
you don't even need to,
you are not even aware
this is a crypto application,
this is a blockchain application,
something like that.
So, I mean, okay, I couldn't stop.
You know, I couldn't talk about it for hours.
Yo, listen.
Sonny, Sonny, I feel like we have that connection now.
Please do.
I feel like I can say Sonny now, right?
Okay, so hold on.
I was getting to you next anyway.
But hold on, Sonny.
I feel like we have that connection.
And if you ask anybody, if I care about you,
I'm going to give you the space.
If I care, you can have all the space you need from me within reason.
Okay?
And Sonny, I think we have that connection.
I think we're on that first name basis, Peyton.
Sonny, we're there.
We're going to Italy.
We're going to the mouth because forget the ladies.
Leave them at home.
It's going to be me and you surfing in Italy.
All right?
We're surfing.
We're going to go to Milan Fashion Week, and we're going to be surfing and doing stuff.
But, Sonny, real quick, I do have – I see B-Original down there.
I see Kong down there with her hands up.
Bitcoin Barbie has her hand up.
Mutasco just came back on.
Guys, real quick, I need to reset the room.
Guys, share the room out.
We're hanging out with Sonny Lil V-Chain.
My top project, by the way, and I'm not saying this just because you're in this.
I've been talking about this for a long time.
Ask Mutasco as a witness.
It's my only crypto that if I'm in a pinch and I need to sell something, liquidate something for something, I do not sell my V-chain.
Never.
It's been there.
It's been sitting so long.
It's just sitting.
And I'm just like, listen, I'm waiting for my 1,000x.
And I know, Sonny, you can't give in to price prediction and everything.
But I'm waiting for my 1,000x, baby, because I'm trying to be in Italy, too.
All right?
Bring the miscarriage.
All right? We're trying to do some stuff. We'm trying to be in Italy too. All right. Bring the miss. All right.
We're trying to do some stuff.
We're trying to have a little fun over in Italy,
but,
sunny,
I do appreciate you being here.
And again,
we could,
if you need more time,
feel free to,
you know,
the space is yours,
baby.
The space is yours.
I want to get to be real quick.
I want to get to Barbie and then Kong right after.
we're getting some more people coming up.
So good morning.
Be Original.
How are you?
Do you have any questions?
What's going on?
What's happening?
I definitely do.
Thank you so much, Payne and Zach, everybody.
This room's great.
And I love these rooms.
Sonny, the way it's awesome that we could talk directly to the founders, which is great.
And so for the fact, I come from IP.
I come from the fine art world and also bringing NFTs into a fine art world.
But before, I used to do hybrid NFTs, which is RWAs, right?
But now because of the regulations back then, it was so gray.
Now with things that are not gray anymore, how can we, I know the answer, well, answer this one.
I know with infrastructure you have and you have templates to be able to uh templatize like basically a piece
of art and then we could economize it like how would be like a small example for someone like
me to understand to bring in my investors my supporters to say hey we can now uh do a jackson
pollock and a famous painting we could economize it we could build a project around that. How do we use Vechain properly for something like this?
We do have the tools.
For example, we have VORJ, V-O-R-J, which is a platform anybody can mint NFT as what you want.
And also you could mint not only NFT,
but also launch any tokens in just a few steps.
You don't even need the technical capability or understanding about the smart contract.
You can just go through like token as a service.
You can launch the token very quickly.
However, I would say the most important thing is not about how to do it.
say the most important thing is not about how to do it i would say the most important thing is about
the future business model especially when we think about nft you know we got to think about the
utility of the nft right otherwise there are many of the collect the so-called collectibles NFT. But I have to say, you know, it's not, let's say, physically or practically,
it's not that collectible because, you know, like it goes through the tools,
anybody can just create NFT like crazy, right?
Like very easily.
So how are you going to put the meanings?
How are you going to put the contents attached with NFT?
It's not just about NFT itself.
NFT is just a carrier.
It's just a format, right?
Give an example.
We talk about the Mickey Mouse from Disney.
The IP is worth of billions of dollars now.
But actually, it's not just about the drawing on the napkins from Disney. The IP is worth billions of dollars now.
But actually, it's not just about the drawing
on the napkins from the beginning.
It's almost like 100 years.
I think it's about 80 years.
And countless effort from different type of people,
generation of people, to put the contents,
the movies, the TVs, the cartoons,
even the Disney park, and make the mickey mouse
is a very famous and expensive valuable ip so i think for for nft um generally for nft project
is the same thing nft is just a tool but how you're going to make the contents and you know the
let's say the value about the NFT, I think it's more important
just in two. That's just my opinion. And the second lead to that, because you have logistics
already applied into that, I believe something like filmmaking that has actually like a project
with a bunch of assets is like what you're telling me that would be valuable to this, or even cannabis or hemp industry, correct?
Yeah, yeah.
It's anything you wanted to, you know, for example,
NFT is a collectible,
but how do we make that collectible some of the unique value?
Maybe it's a privilege.
Maybe it's, you know, some unique access.
I would say NFT could be more like a passport or like access, right,
to any kind of the future use cases.
True, very true.
Thank you so much.
And then one last time, compliance.
When we put in something like, say, IP with film in a project,
how do you deal with compliance?
And is it, do we have to deal with our own compliance and then onto yours or yours kind of overrides per industry i guess i know i kind of loaded
question but just curious well uh okay so for example while us are let's say a little bit slow
comparing with europe um they're just starting with the stable coin and i'm sure you know giving the time at least in
the next four years right when trump is still in administration um you know there will be more
clarity in terms of regulation okay let's talk about the europe um europe has a mica like i said
there are three levels of um you know regulation side of the Mika it basically cover most of the important um players
or um you know uh yeah players or projects in the crypto space however now it's still not able to
cover uh NFT yet or um I don't I didn't see any NFT issuer has been covered in Mika yet.
I think it takes time.
But at least that and VSOAR has been confirmed in the compliance of the Mika.
Actually, we didn't go through the small jurisdiction.
Actually, we go through the Central Bank of Ireland, one of the biggest jurisdictions in Europe.
goes through the Central Bank of Ireland, one of the biggest jurisdictions in Europe.
So if you launch anything or any project on VeChain, at least VAT and VSOAR supporting
you to make your business quite legitimate in Europe.
And if you also wanted to, let's say, make your token issuer, including the NFT, also
going through the Mika compliance,
at least we have experience.
We can give you some advisory
support. Let's go this way.
Thank you so much.
I appreciate your time. You've answered all my
questions. I'm complete. Thank you.
I'm complete. That's
an interesting phrase.
I'm going to start saying that shit too. I'm complete. You're an interesting phrase. I'm going to start saying that shit, too. I'm complete.
You get in a fight with your girlfriend.
Broke back, London.
You get in a fight with your girlfriend. You don't say anything else.
You just say, I'm complete, sonny. Come on, baby. That's it.
You don't say nothing else.
After you're done.
He's yelling at you, whatever. I'm complete.
Everyone write that down, guys.
Ladies, don't listen to this. Guys only. I'm complete. Thank you.
I do have a quick question and then I want to get to Barbie Kong and I see Wadi in there.
Wadi, I haven't seen you in like a year. We're going to we're going to hash that out in a little bit.
Also, I haven't seen you in a minute, bro. Like what is going on? But here's what we're going to do.
I got a question for Sonny real quick. We are one hour in. We normally take it to two hours.
If Sonny and Zach, you know want to go longer that's on them
But I just want to I just want to point that out. We are an hour in already
So Sonny, I want to talk about a little bit about the UFC and what you guys have been working with UFC
And now that Dana White I believe is an advisor for you guys like what that looks like for the next let's say six months one year
Well, actually I think it Dana
Then I only do this type of job for twice recently.
One, he joined Meta as a board member a few months ago, and then joined us as an official advisor for VeChain Foundation.
So we have been working with the USC for a few years. everything just started from a very simple sponsorship i have to say um but um i would say usc is something let's say quite a
matching with um crypto communities um firstly the main major audiences are young people and also coming from around the world
that's number one number two the global growth growth strategy is very matching v-chain's growth
strategy they have u.s as a home base you know v-chain also got the biggest community in u.s
and also they are expanding to europe you know they got the ufc got the biggest community in the U.S. And also, they are expanding to Europe.
You know, they got the UFC 5 in Paris, in London, sort of things,
and also looking at Italy opportunity as well.
And V-Chain also have the second largest community in Europe,
our office in Europe, you know, our technical team in Ireland.
So it's quite a matching.
And also even touching the Asia part as well.
UFC also has a fight in Macau,
in Middle East, in Abu Dhabi, in Singapore as well.
So basically those are territories we wanted to go in, right?
So it's quite matching, that's first.
Secondly, I really like dana i respect him
like a big brother and basically when i text him when i talk to each other we really call each
other like a big brother something like that um dana is the kind of guy you know just go to fix it
if he finds some problem or find some something broken he just want to go to fix it
he's definitely the doer and you know go get it that kind of guy and also he's a very experienced
and respectful entrepreneur you know he fights through the end right he's a fighter you know
he's the one to turn two million dollars investment to UFC like 20 years ago into, I would call it now, it's $20 billion business, right?
The biggest sports league in the world.
So, you know, he has so many different type of experiences and also loads of the powerful connections can really help us.
And on top of everything, when I had the conversation with Dana, it's very funny.
I told Dana, like, you know, I wasn't a UFC fan before,
but I kind of grew into enjoying watching the UFC,
even try to get myself trained with, you know, Jiu Jitsu or even martial arts, you know, those type of things.
I really try to figure out my schedule and get trained as well.
So then I totally laughed about that.
And he said, well, likewise, brother, because I know shit about crypto as well.
I know shit about crypto as well. But also he's saying like, you know, whatever those application
you know, you show to me, I really get that. It's very simple. You know, user, if any normal people
are able to do something good and do something positive, they should get rewards other than
paying extra. That's the biggest problem of so-called
sustainability narrative right that's why he called you know whatever the green washed or weaponized
narrative i think he's right you know i let's say if you go to any kind of a supermarket let's say
you go to whole foods you get all of the organic foods, you know, vegetables,
green stuff, recycled stuff, and you find out you pay so much more to get those stuff, right?
It doesn't make any sense. You're doing the good things. You're making the world a better place.
Why do you have to pay extra? You should get reward about that. So Dana told me like, okay, I see all of you guys doing,
you know, whatever coming from cleaning up the garbage
from the street or encourage people to use EV.
I like that.
You know, I really, I understand that.
I think it's necessary to do.
It's a broken system.
It's a solution to a broken system in terms of sustainability.
That kind of the top-down
strategy doesn't work right and you what you guys doing is really bottom up unite the normal people
to do good things and eventually achieve a cumulative value about it and he liked that
so he said i okay tell me how to how can i help you? So one thing lead to another, you know,
he agrees to be the official advisor.
And like I said, he's not really hang out his picture,
you know, a bull head over the website or over the page.
No, he actually really actually did the work
and he's doing the work.
I give an example a few months ago a few
weeks ago in miami he spent four hours with us with the well firstly he set up the connection
with the fortune for us fortune is ngo dedicated on clean up the beach not only you know in us like
in florida but also to Southeast Asia, Indonesia, Malaysia,
those kind of the countries really need people to clean up the plastic waste.
And Dana spent four hours with us doing all of the, you know, contents, but also literally,
he picked up 20 pounds plastic waste from the small island with us together you know everybody
was like you know those um generalist journalists was waiting on the beach right they did they work
first and then dinner comes along um everybody thought like oh dinner maybe just took a photo
pick a pose and that's it.
But they're waiting outside the island for hours
because we were literally picking up the garbage from there
and talking all of the ideas, the ongoing meetings,
and at the same time, it's a great session.
And then when we're really creating or generating those contents, we mean that because we did that.
We get our hands dirty and pick up the, you know, 100 pounds of plastic in total and really feel good about it.
So that kind of thing, I would say then I really get hands dirty and do the actual work.
And also, we're not going to stop there.
He's going to continuously support us because it's not only we want him, he also wants us to succeed.
that's his words i quote from his words and you know next thing i know that let's say the full
That's his words.
I quote from his words.
ocean project as a result the first audience was mr president was was donald trump and i was like
what the heck i didn't know at all and i i just i just got the you know message from then i said
well you're still in miami you should come over to the fight. I say okay
But I already give all of the tickets to community members. He said well come over you don't need a ticket
Yo, Sonny, let me pause you right there real quick. Hold on guys
Everyone else don't listen to this. This is a conversation between me and Sonny's the sidewalk Sonny
Can you get a brother some tickets like Like, what are we doing here?
Can we do something here, me and you?
Like, I don't know what we need to do, but that'd be great.
Well, the good thing is it's not only for UFC tickets, okay?
It's also for Power Slap, for WWE, even including the WrestleMania.
Oh, yeah, yeah, Sonny.
Listen, are you trying to make me a passenger prince?
Because if you're taking me to the WWE in Italy, what else could I do here?
What else needs to happen here?
Well, actually, it's very simple.
You can just be part of the VGN family and you got the opportunity to go there.
Actually, many people, even in this podcast, I can see they were in the UFC fights.
They were in the Power Slap events and everything.
So, yeah, let's talk about it.
Let's do that kind of, we actually call it a VFAM gathering.
So we gather together, talk to each other, hang out, have a few drinks.
And then, you know, we go to the UFC fight or Power Slap fight together.
So that's, we call it community activations.
You know, we do all the time.
Yeah, I actually love that because, you know, on the Crypto Breakfast Club here, you know,
the show everyone's listening, guys share the room.
We do do some giveaways ourselves as well.
So, you know, I would love to have a conversation with you, you know, and Zach,
Zach in the back channel, figure out something we could do for our community.
That would be awesome.
Yeah.
Well, let's do that.
Next time, we can allocate some of the tickets,
even some of the UFC merchandise, as a giveaway for crypto breakfast.
Yo, listen, listen, listen.
Everyone pause real quick.
Paid XBO, the king
of the gas. Come on.
You guys wonder why I'm the deal
settler out here. Come on, guys.
I need some applause. I need something. Zach
Humphries, come on. Give me something here because I
am the one. You know, remember
Trump last, last, uh,
last, uh, what, not election, last fucking presidency?
He was like, yo, I am the chosen one.
That just became me. Thank you. But Sonny on a serious note.
Yeah, let's do that. Let's do that. I mean, uh, we do, we do that for V chain community all the time, you know?
So, okay. So long story short, long story short. Um, actually, uh, president Trump really trump really likes uh our projects like the result
and he even knows about a v10 before i say anything um so that's that's kind of let's say
effort coming from dana white i mean i i couldn't um i couldn't expect that much anything better than
this and he's not only just you know introducing the powerful guys or connections or no, more
than just that.
He actually literally building up, you know, enable the business connections for us.
Actually, we're working on a very good, very big collaboration just with top players in Wall Street and also with the UFC, TKO groups,
Power Slap as well,
to enable our new, let's say, crypto use case
for traditional enterprises
over the V10 blockchain for sure.
So what I can say is,
Dana is, I would say,
is my favorite advisor because he's just not screwing
his name on that. He's also literally do all of the work. And also on top of everything, personally,
anytime I have some thoughts or some ideas or some, you know, I can check on him. And he replies very quickly with his expertise.
You know, he's a freaking marketing genius, right?
So, yeah, it's quite a comprehensive.
And I think it's a really, really good advisory
for VeChain's growth,
not only for six months or 12 months,
I would call you the next four or five years at least
yo and real quick and then we can get some hands you know all jokes aside excuse me um you you
mentioned something that I think is really important and I kind of mentioned it earlier
and I mentioned it quite often was the the role of an advisor but more so a mentor and uh or mentor
for you.
Like whatever you're doing, whatever you're building,
having that one person you can go to.
And they don't have to be in the same industry or space.
They just need to have some level of expertise.
Oh, yeah.
Can you talk a little bit about like what or who your mentor was?
I know Larry was talking about it and you were talking about somebody.
Stambul?
Yeah.
Yeah, exactly. know larry was talking about it and you were talking about um somebody yeah yeah but i want yeah exactly could you uh talk a little bit about how that affected you know v chain and the founding
of v chain and getting um us to where we are or where you are now um and then from there we can
go to um barbie i'm going to get the wadi after and then kong because kong didn't speak but i
want to get barbie wanted to call but sunny could you talk about that a little bit because i think
that's really important for the audience to hear because a lot of people
want to do everything by themselves and they think they have to do everything by themselves
and they're not, and they're not looking around their circle, you know, like I hit up Zach
all the time.
Zach, I want to do this for the show.
I'm going to try to do this.
Or, you know, I'll talk, I'll talk to my mom, be like, yo, mom, you know, you, you wrote
grants for this.
How can we get funding for X, Y, and Z?
And, you know, I am that person for other people as well you know for various projects for various
companies for various you know just individuals so i wanted to know if you can just touch upon
that real quick sure um actually mentor is mentorship is a very important um actually i
would say even it's a must to be a startup. If you really, you know, looking for longevity, looking for sustainable development, honestly, it's very important.
I feel that way.
Okay.
So I mentioned about Shen Bo.
He's a very good mentor for me and also longtime supporter.
I can just use some of the examples.
When we launched the ICO in 2017, actually it was quite, how do I say, it was not the best
time in the market. You know, China started to ban Bitcoins and the Bitcoin price was dropping
like crazy. And the market was devastated at that time, honestly.
And right before the all-time high in 2017, everybody just remembered all-time high in
2017, but most of people forgot about before the all-time high, before the rising, it was
like, you know, like devastating situation.
And we made the decision like we want to launch the ICO at that time.
And everybody's saying like, I'm crazy.
And I went to Shen Bo,
and Shen Bo say,
well, if you feel it's the right thing to do,
then, you know, I support you to do that.
And by the way,
Shen Bo already invested VeChain before the ICO.
He was our equity holder.
And he said that, okay, go ahead to launch your ICO. I'm
going to provide all of the support you need. If you need me on the stage with you, I'd be there.
And on top of everything, he guaranteed, like, if your ICO share is not able to, let's say,
attractive by the market, like nobody willing to buy your token sales,
I'm going to buy them all. That's what Shen Bo said. So he put like at that time 20,000 Ether
as a deposit saying like, okay, I put the 20,000 Ether here. If your public sale couldn't finish,
You know, if your public CEO couldn't finish, use that money.
I just take the exact same deal as everybody else.
I support you.
That's a mentor I was talking about, you know, back to 2017.
And also, even until today, it's been like eight years.
And he never stopped supporting us.
Anytime I wanted to talk to him, anytime, you know, I wanted to, you know, pick his brains, he always there.
So that's why my next trip to U.S., I choose the first stop in Atlanta.
I got to, you know, having a dinner with him, you know, checking about the market vibes, market sentiment, what's changed, what's going on in the market, listen to what is
the idea, those type of things. So that's one mentor I was talking about. Also, I have another
mentor, I really, really like him and also big brother for me, is a Philip Fortunato. You know,
he was the global CEO of Givenchy as a luxury brand. And he was also my boss when I was working in Louis Vuitton.
And when I get VT started and I just knock his door, you know, schedule a meeting, knock his door and try to introduce to Philip, like, what VT tries to do, what blockchain is, you know, what the Bitcoin is even.
And after 20, 30 minutes, he stopped me.
He said, Sonny, I know shit about what you're saying.
Okay, I don't know anything you said.
I don't understand that kind of a consensus
or blocks or database, those type of things.
But just tell me what can I support you?
What can I help you?
And I've been paused for a few seconds.
And then I told him like, look, Phillip,
I'm not asking you for money,
but give me one line of product.
And I do the service or I do the software for you for free
to support one SKU of Givenchy product.
I still remember the name, by the way.
It's called Infinity. It's a very nice lady bag, very elegant.
I think it cost was $30,000 per piece or $4,000 a piece.
And the production at that time
is only 1,592 pieces total globally.
And, you know, eventually,
Philip gave me that line of products.
He said, okay, let's try to do a V-chain solution
on this SKU.
And then we see how it goes.
And a couple of years later,
we cover 100% of the leather goods globally for Givenchy.
So this type of mentor, I would say, you know,
it's my hero, only say it's my hero.
And without them, there's no today's V-chain, I would say.
I just use the two examples, but I feel like right now,
Dana is the second mentor I could have.
And he's already delivering, and I can expect so much more from him.
And it's not really like I ask him to do that.
He's willing to do that.
He's willing to support that.
So I really feel like blessed for this type of mentorship.
And also as my personal reflection is,
I also supporting many other small projects,
even it doesn't matter if I invest them or not invest them.
As long as they're
doing things um with a good face with good dedication and also i know a couple of shares
about that then you know i'm willing to provide my support or my learnings actually i'm also going
to meet with a very interesting project called NewBila.
They're from San Francisco.
They're delivering the IoT device for client data collection.
So you see the matching, right?
It's also matching the sustainability strategy of V-Chain.
They have been doing quite well.
And so I'm willing to provide my mentorship, my support, my help to that kind of the project as well.
Yeah, that's awesome.
That's awesome.
Guys, find yourself a mentor.
Sonny, if you're trying to mentor a brother, let me know.
Bitcoin Barbie has their hand up.
I'll make myself laugh.
Bitcoin Barbie has their hand up.
Then I'm going to go to Wadi because I I haven't seen Waddy in like eight years.
And then Dr. Kong.
So Barbie, what's going on?
Hey, I had another question.
Actually, I wanted to touch on, and it's funny that you guys mentioned the UFC thing.
I was looking that up last night, and I noticed that in September there is a UFC fight in Guadalajara. I live here in Mexico City,
so I was trying to figure out where the closest fight was.
But also, interestingly enough,
I did notice that you guys kind of sponsor UFC parties
or communities to go.
So just curious, is there any specific criteria
that you would like to see
or that would be favorable for someone looking to do that with you guys?
Well, actually, there's no some kind of criteria per se,
but, you know, basically just for a VFAM, VChain family, VChain community.
Actually, we do launch a few different type of campaigns.
Also, like what I just said, we can sponsor Crypto Breakfast,
give a couple of the tickets for a free giveaway, those type of things.
And also, we also have a, that's a good question, actually.
I just remind that, remember that.
We also have a, we call it a micro marketing grant.
Let's say if there was a finite or even a pay-per-view, let's say VeChain, we don't have enough resource to cover that file.
But happening, you are just close by you can apply the micro grant to get like a couple of thousands gathering around
the v chain family v chain community together you know um and go to the fight together um share what
v chain is doing um calling up for actions to participating uh either either like x200 applications
or we have a v chain renaissance coming up to do the staking those type of things and also
on top of that uh we're also uh we we tested about the we call the mystery box um to support the
different type of campaigns and um just giving a couple of months we're going to launch a mystery
box platform then all of the mystery box were including like i said ufc merchandise vt merchandise
even the ufc tickets um into that um to be able to collaborating with different type of
use cases recently we have done that for for ocean.com to calling for supporting um clean up the beach campaigns and um you know and we we build up the
long-term partnership with the fortune we're going to continue to do that so yeah stay tuned with um
official account of v10 on twitter like v10 official basically almost every news we go through VeChain official. And then, you know, find nearby UFC.
Give notice about, you know, any fight nearby you.
And you may find something about this fight.
Yo, real quick, what I'm hearing from you is there's a crypto breakfast club, VeChain, UFC something brewing right now.
I'm doing it like a morning coffee.
Sonny, is that what you're telling me?
Yeah, why not?
Why not?
I love it.
I love it.
Sorry, and the last thing I wanted to know was I know that you guys have hosted NFTs on the chain before.
on the chain before. And that's something a little more common. But right now, I'm sure
And that's something a little more common.
you're aware, like meme coin culture is super high right now. How does VQ feel about supporting
that meme coin culture? Do you have a launch pad that's available for people to launch their
projects off of? I'm just assuming yes, but i haven't been able to find anything on that obviously if you're a supply chain then that might be something considerable
for this project um well firstly region's focus is not i mean surprising was like um first step
entering the business engagement or enterprise engagement Now the focus is really about sustainability as an ecosystem.
In terms of the mini coin, I actually
get different opinion or different market sentiment
about a mini coin.
Let's put this way.
I never own any kind of, well, I own a couple.
I invest a couple of mini coin, but very small number of money.
Never put a serious investment into that.
I would say it's more like entertainment to me.
It's not, I wouldn't call it investment.
It's more like entertainment.
I even feel like it's kind of like a gambling.
You know, you just shoot some crafts or dice
and see how it goes.
And there's no logic.
I mean, at least I have an engineering mentality or mindset.
I don't see the logic behind everything.
And also funny enough is we just talked about
the market sentiment a few days ago.
And according to a recent survey done by BCG,
Boston Consulting Group, they threw a survey in US, and it's quite an interesting survey,
to all of the crypto investors. It's not only covering the retail investors, but also covering
institutional investors, right? So there is one very interesting question is when people
evaluating projects, what is the priorities?
Okay. And number one, number one answer is 77% of the people
talk about the price trends, which makes sense, right?
The price trends is number one priority, baseline. I get that, makes sense, right? The price trends is number one priority, baseline.
I get that.
Makes sense.
Number two is 74% of people cares about real world use cases.
That's very interesting.
And then 67% as a number three cares about the blockchain activities, transactions, TVOs, those type of things.
And then when we talk about the mini coin, it's only 23%.
I quote from BCG survey is, while 23% still chase the latest narratives such as mini coins,
a significant share of investors are maturing. They're
going to launch the survey results very soon, probably in the middle of May or something.
Definitely, that will share over the Twitter. You can talk about that. So how do I, I don't know.
I have no opinion about the Mimicoin that much.
I think the market sentiment I can feel,
especially in the last few months.
You know, I've been meeting so many different
institutional engagements in investors.
You know, those big guys like Hayrock,
like Galaxy, like Franklin Tempton
from the Wall Street, they don't talk about a mini coin. They talk about fundamentals.
They talk about value utilities, real world use cases, those type of things. I think from the long term value, it's necessary.
It's even must.
Because honestly, just my personal opinion, keep the meme coin as just like entertainment.
Okay.
But not the serious investment.
That's my opinion.
So I guess, I mean, it's more commonly talked about as a meme coin. But I think like for me, I look at the launch pads as the ease of accessibility to future projects like tokenizing small businesses.
So for me, I guess that's more my question, less about the actual meme coin culture. But I think meme coin culture has definitely brought this technology
or this ease of use to light. So I'm just curious because you started off as a supply chain
logistics chain. I'm just curious if you could consider those type of avenues for future use
for, let's say, a mom and pop shop or small business that would like to tokenize and become a publicly traded
company without jumping through the sec hoops and all of the stuff that has to go on to be
listed on something no no you're right you're right actually yeah you you remind me um you're
right you're definitely right the way launching mimi coin is definitely valuable because it really eliminates all of the hustle
or cost like getting any kind of normal company get less it right it's it's so much easier so much
um convenient and so lower cost which is definitely feeding the narrative of what I said as like marginal effect, even by launching coins.
But also the point is, you know, launching a coin is very easy, but building up the business or conducting the value to a coin is very hard.
So how are we going to differentiate those type of the different type of portfolios, I would say the launching the Mimi coin
or launching any coin could be easy,
but they're still missing some of the infrastructures
or services to, let's say, to help,
especially retail investors are able to distinguish
or find the jewelry, the real jewelry,
out of millions of different
type of the coins right and actually by as a matter of fact like i mentioned we can also have
that kind of tool voice the voice can make can allow the people to mint any kind of nfts any
type of the tokens in few seconds you don't need need to have technical capabilities and you can do that
at a very low cost,
maybe a couple hundred dollars
and then you can launch
your own tokens.
But still,
the more important thing
is about the fundamentals
of the token itself.
So yeah, you're right.
You're right about the way
to do that.
Awesome. So you can use VOS, you said, in order to kind of launch that project.
Like I said, I'm only asking because I think this is the next wave for people.
And I think that having this technology, even though you and I could say, yes, that technology is easy, you know, to launch a token for your average person.
easy to launch a token for your average person.
Let's be serious, right?
We're still very new.
So the average person is looking for that ease of use.
Anyways, thank you.
I appreciate that.
Yeah, actually, I want to give you another example.
Actually, it's also an interesting project launching VBetterDAO ecosystem, they issue a token or NFT representing the solar panel
in a small village of Brazil.
And there is a normal business model.
Actually, the project name is SolarWise.
So basically, you can buy the NFT, and then each NFT represents a piece of solar panel in a fractional way and then all
of the electricity generating from this solar panel you can you know getting the allocation
weekly allocation um you know out of any kind of revenue coming from the electricity generation so it kind of make
the investment uh fractional small you know getting the small investment only say if that type of the project go to any kind of bank or investor saying oh i just need 20 thousand dollars
to start a solar panel and then nobody's going to listen to that right nobody gives a about that
but the crypto can make that happen and make this even a small investment or small infrastructure setting could be beneficial
to a very you know a small group of people that's that's a marginal effect i was talking about
so and they use vols to do that and it's pretty easy to integrate
to do that and it's pretty easy to integrate.
Yo, love that.
I want to get over to, I mean, Mr.
You know, Zach Humphries, do you have anything you want to add to any of this?
I know you've been, you know, taking it all in, you know,
but I didn't know if you had anything you wanted to add to that
before we get to Wally right now.
No, this has been phenomenal.
Sonny, just thank you again.
We've got a little bit of time
left. This has been absolutely awesome. I know a bunch of people already hit me up in the back
channel saying, man, this is great. We got to do it again. So we really appreciate it, man.
It's been great. Yeah, I appreciate that. Actually, there are many more to talk about it.
We didn't even touch the VT renaissance that's a main protocol upgrades
in the in 2025 well let's definitely anyway i let let guys to ask the question yeah sonny let's
definitely set up another space too i mean we can talk in the back channels after this one and yeah
um but wadi go ahead man
go ahead man um what's going on sac uh pay xpo and zach and sunny lou what a pleasure
been a big beaching fan for the longest still holding waiting for it to become 100 fruitful and fruitful now most of the question has been answered so i guess my last question will be
where do you see beaching in the next let's say eight to ten years because i do see the
massive adoption, the partnerships and, you know, UFC partnership with Donna White. That's
freaking amazing. So where do you see UCB chain within the next 10 years?
That's a very good question. Actually, I keep asking myself all the time. I have been asking myself in the last 10 years, and I keep asking for, I would say, for next 10, maybe 20 years as well.
So for simply to say, well, I'm not able to talk about the price, but my goal is to make VeChchain top 10 in the world in terms of the total
platform um i know there was lots of the different let's say speculative noises in the crypto market
but with more and more regulatory clarity and also more attention and focus on the value creation
more attention and focus on the value creation we already leading the way and it just takes time
for the market to react or to realize so that's that's very fluffy i would i would call it very
fluffy very high level but also in terms of platform itself, VTN platform itself,
you know, what I believe is Web3 is for everyone,
is as a user-centric,
is as a people-centric.
You know, before when we think about do something,
you know, you got to establish a company,
you got to, you know, calling for a team
and, you know and building up the office
and payment system infrastructure, all of this stuff.
But now even you're just one single person,
you're able to collaborating with any people around the world
in a different time zone, different nationality,
speaking even the different languages.
Right now you can use AI to do that.
And it's pretty easy.
And smart contract and token take care of the payment system.
So Web3 is really by people, is really people-centric.
And eventually, the target, our target, is in the future platform, a single user, individual user could be equally as enterprise, as a big enterprise. Whatever is a UFD or WOMA or BCG, you know, you're just different entity, different people, different task force are doing different type of the jobs and are able to collaborating smoothly.
are doing different type of the jobs
and are able to collaborate smoothly.
And also from the other angle,
the reason we believe sustainability
is the next, you know,
most promising territory for blockchain or for crypto
is sustainability is a mission for everyone.
You know, even though I get that,
you know, Dana talks about that,
Joe Rogan talks about that,
even Elon Musk has said that.
ESG, SDG has been weaponized,
has been greenwashed,
all of this stuff.
That gap is
the current sustainability role
is missing the involvement
or missing the contribution
or participation from individuals.
It's just so hard in the current system to get all of the individuals to do actual work and verify your
work and monetize your work and give you rewards right away, right? It's just impossible to do that.
But Web3 is the clear the answer. The crypto, the blockchain technology,
so think about that. IoT can make people's activity digitalized and then verified over
the blockchain, over the smart contract, and then pay you based on what you do, like real proof of work to, you know, in crypto. And then that kind of really getting a new marginal network effect.
So eventually, as in summary, long story short,
I can see VeChain is a platform to serve
and enabling billions of users in the next 10 years
to do some actual work together,
starting from sustainability.
That's my vision and mission for VTAN.
Yeah, I love that.
I want to, real quick, Zach, and I don't know if Sonny as well,
if you want to extend this maybe 15 minutes, would that be okay with everyone?
Sure, I'm okay with that.
My next one is 6pm
so next meeting is 6pm.
I can extend
15 minutes for sure.
Okay, cool.
We'll end up at 45.
That gives us another 15 minutes, so another half hour
guys. Sonny, appreciate that.
Guys, share the room. Crypto Breakfast Club. We meet
Monday through Friday, 9.30
a.m. Eastern Standard Time.
For me, it's later because I'm in Morocco,
but, you know, come on. We're all here.
So we're going to
extend it to another 15 minutes.
We should call you Crypto Brunch.
Yo, Sonny and I are having Crypto Brunch
on the Amalfi Coast driving Ashton Martins.
That's what we're doing. Guys, real quick and I are having crypto brunch on the Amartic Coast driving Ashton Martins. That's what we're doing.
But guys, real quick,
I do want to get to Kong. I see Mutasco came up here
as well. Guys,
feel free to request. We do
rotate the room. We do rotate the stage as need be,
but we do have a few slots open, so if you want to come up
and ask some questions, we have Sonny of V-Chain.
Come up
and do that. So, Kong, I want to give it
to you and then Mutasco right after.
Dope, dope, dope.
Hey, Sonny, going back, I'm glad you brought up the, like you said, this is the all-day
topic and we don't have time right now, but the future upgrades of V-Chain and then I
want to talk about your global approach at being top 10
and where you're headed i see the takeover and what you're doing with dana white that's phenomenal
that's a great entry uh i mean like you said that's a blessing in disguise because he's doing
a lot more than what you expected out of the situation um so how soon will we see sunny inside
of a ring i know you chose u chose UFC. You've done wrestling.
Bro, there's a bull.
I see the PBR.
Bro, that PB1 is phenomenal.
I mean, there's no more better signage than a bull with VET.
You know what I'm saying?
With VET.
That was a great one.
That's Dana's idea.
That's Dana's idea.
Dog, it's phenomenal.
This is a great project.
I mean, the marketing aspect is great.
But I wanted to touch on the tech that you're using with the UFC and IRL.
Is that tech still being utilized within the gloves?
Yes, there was a case a few months ago.
We did have chipsets put into the gloves.
And, you know, let's say to collaborating with the UFC, you know,
it's kind of make every glove unique. So that means it's what we call the digital twins.
So the chipset is like identity of the gloves. And then, you know, they kind of opened up many
possibilities. Let's say you can have an NFT link to that.
You can have, you know, whatever link to that,
those type of things.
Yeah, because I was wondering
if you were going to utilize that tech for data analytics
and whatnot and maintain that on-chain.
And going with that,
how soon before we see the Dana White ticketing system
be on VeChain's platform, bro?
Yeah, you already know. Sonny, you already know where we're headed with this, bro.
Hey, and FYI, hey, Sonny, I followed you back too.
I don't know, man.
I don't know.
Oh, you know.
You know there's a lot more to that.
I would say technically it's very, it's not that hard to do.
It's also just, let's say, more like a business decision.
Honestly, that's just one of the use case, I would say.
Actually, I think there are many more scenarios we have been working with.
Like I said, we take the different type of steps and different type of priorities, but everything is possible.
You know, like I said, Dana is a freaking marketing genius and also very respectful entrepreneurs.
And when we got to the question, when we got to the idea, you know, we just talk to him and see how we're going to deliver
that.
Actually, as a matter of fact, even for the rest of the 2025, it's full of roadmaps already.
Maybe in 2026, we can throw up this idea and discuss with Dana by then.
so so for your 25 so let me what this is my last question sonny um so for your for your for your
So for your 25, so this is my last question, Sunny.
retail onboarding plan for the next 24 months what's the main goal because i because we all
know that your tech is there um at the end of the day all we need to do is bring the bring the masses
on vchain has the capabilities to do it your Your platforms, the VBetter org, it's all there.
So is it just marketing now?
No, no, no, no.
I mean, definitely not just marketing.
Marketing is a support, I would say.
But fundamentally, I would say it's always about a product.
It's just like any kind of successful internet players
or giants today, it's always product, product, product.
So whatever coming from Steve Jobs, you know, launched the iPhone and serious Apple devices or Amazon or
Tesla, it's always about the products. You know, I've been sharing a story with, by the way,
I met Elon Musk also with Trump in Miami. One thing I learned is when people think about why I buy a Tesla, right?
And most of us think, oh, yeah, maybe it's a sustainable person, you know, like EV, you
know, wanted to make the world a better place.
is yeah it sits number four as a criteria of the user the number one is the utilities the features
Yeah, it's number four as a criteria of the user.
the cool technical features coming from the tesla number two is the cost because you know the the
cost of tesla is lower not only buying a car but also um the you know the electricity cost comparing with gasoline
and also the maintenance, all of that stuff.
So it's always back to the product itself.
And that's, let's say we spend most of the time,
most of the resource on Vechain as well.
That's also, when I asked Dana for the support, I told him,
I don't know anything about marketing or stuff, and you are expert on that, so you should tell
me. You should support us on that. And then he's saying, oh yeah, I can be your advisor. I can,
you know, helping you. That's also why we're expanding from the UFC to Power Slap, to WWE,
That's also why we're expanding from the UFC to PowerSlab, to WWE, and even to PBR.
That's Dana's idea.
That's all Dana's idea.
So in terms of the V-Chain strategy or V-Chain products, two lines, well, actually three lines, one secret mission.
The top line is V-BetterDAO as, you know, use case enabling, value creation.
So we did have more than a million users right now 30 applications we are continuing to push forward on that and also try to matching you know building
the different type of infrastructure to support that like a payment solution social logging for
mass adoption real massive adoption only not only just for crypto guys, it should be everyone.
So that's a use case, that's the top line.
And the bottom line is what I mentioned is VeChain Renaissance.
VeChain Renaissance is the most important upgrades
since day one.
It's not only about the technical upgrades,
but also the tokenomics upgrades, right?
We actually, we have been thinking about that for years,
but we were kind of waiting until the clarity
in terms of regulations.
Because before, we, let's say,
we don't know what the regulation going to be.
We don't want to make the
changes and then just a few months later or a couple years later because of the regulation
we have to redo it again so let's say at around the end of last year like second semester of last
year we get a clear sign of um mika regulation requirement and we know like we're gonna get that so we start
to design the v10 renaissance since last year and launched it from this year so vision renaissance
will include the three major phases leading to three halfks in the next 24 months.
March is the testnet for the first phase we call Galactica.
And June will be the Galactica goes to the MENA.
And September will be the second phase we call Hayabusa testnet.
And December will be the Hayabusa mannet and then 2026 will
be the third phase we call it interstellar so simply to say what VK Renaissance is really doing
is actually enable the real decentralization and why is that firstly as the old guys in the crypto world, like for 12 years, I always have, how do I say, the fundamental thinking about crypto, decentralization always sits at the top of priority of any kind of blockchain projects or crypto projects always sitting there however today's
decentralization of all over the networks even including the bitcoin needs to have a little bit
of rework because today's decentralization is exclusive why is that that? Because today's, you know, decentralization
linked to the technical capabilities, right?
Think about that.
The proof of work network like Bitcoin,
who is really mining the blocks?
Who is really maintaining the networks?
It's a Bitcoin mining pool.
Even the Bitcoin miner manufacturing,
you know, they're kind of play a very important role in the Bitcoin networks. And actually today I saw some debates or conversation, you know,
about some change this or change that because it's getting centralized, right? The normal people
are not able to run a client on the computer,
or they're not able to participate in the decentralization, right?
And also, even the POS, it's the same thing.
Ethereum used to have more than a million nodes, but actually eventually was managed by the staking service providers.
actually eventually was managed by the staking service providers.
And again, how the normal people can run a technical node to participating decentralization?
It's hard.
It's very hard.
And also the rewards coming from participating decentralization is from the middleman, right?
You're not getting the rewards directly.
You're kind of getting the rewards after a haircut has been taken by the staking service
provider. And also the user kind of worry about the asset safety or is that kind of institution
rock poor or what? You know, like I mentioned, even the Prime Trust used to be the number one.
They rock pooled.
FTX rock pooled.
So you have that kind of the concerns.
Even you want to participate in decentralization.
You want to get staking rewards.
So our solution is very simple.
Okay.
We designed an NFT model
to allow the user using the NFT to participate in protocol security directly.
So simply to say, you stake that into an official smart contract in which no one has access of that.
So that means no one can hack the smart contract, guarantee the security of the assets.
That means no one can hack the smart contract, guarantee the security of the assets.
And when you mint out that NFT represents your staking, you use the NFT to connect any kind of validators in the networks.
And your staking will be calculated in the probability of running the next blocks or minting the next blocks.
of running the next blocks
or minting the next blocks.
And on top of this,
your rewards is coming
from the protocol level directly,
but not going through any validators,
any stake service providers.
Sure, if the user is really lazy,
still choosing the stake
and service provider, fine.
But at least we give the option
to normal people
without any technical requirement
you can participate in decentralization for real so our target is by doing that we could increase
the total network staking from the first step from roughly around 10% today to 40% to even to 50% of the total VET
will be staked there to secure the network
and support the scalability of the entire blockchain networks.
And also we really plan very well,
starting from July 1st,
you can start to mint the node NFT, the new node NFT.
And we use V-Chain Foundation's assets to around $50 million to subsidize this bootstrapping performance.
Because we want to make sure, like you probably notice every half-work, we leave three months long before the testnet to the minute and this bootstrapping
because it's mostly important upgrades of the vision blockchain we even leave six months we
encourage people to familiar the operation and you know start the staking from the July 1st so when
we launch the Hayabusa we know all of the you know possible scenarios possible
situations you will be super smooth migration to the mainnet and you know going for the real
decentralization because honestly no one has done that before using the nft to participating or
secure the networks um it's the first time to do, but we're quite convinced to do that.
And also the APY,
well, maybe my compliance team will challenge me to that,
but the return is pretty good.
The highest nodes could reach to 10% to 12%.
And also the validator could even up to 10 to 15 even the smallest node you know starting
from four percent um but um you could be two three four percent that kind of the numbers
based on the dynamics of network situations um so let's say in in short using the nft model to sweep the technical barriers for normal people
to participate that means as long as you know how to operate the nft you can go to the new platform
we call stargate to participate in the network security that That's number one. Number two, the financial rewards
will incentivize people to do the staking,
secure the network together.
It's also like X to earn.
If you, the rewards will go to anybody,
only do the staking, secure the networks.
And then you should, you deserve
the higher APY, higher rewards from doing that.
So that's about the VeChain Ransons.
Yo, real quick, guys.
We have just about 15 minutes left.
Sonny Liu from VeChain is hanging out with the crew.
You know, we're talking about UFC tickets getting given away on the Breakfast Club.
You know, the greatest crypto show in the morning.
Listen, Zach Humphrey's Crypto Breakfast Club is the greatest crypto show in the morning yeah listen zach humphrey's crypto breakfast club is the greatest crypto show in the morning
hands down i don't care what anyone says sunny we do appreciate you being here and you know giving
us the time um you know give me that sonny give me that follow back stop playing with me don't
play with me uh mutasco has his hand up mutasco sunny do it right now mutasco has his hand up. Mutasco. Sonny, do it right now. Mutasco has his hand up.
And I think we can get the final words right after that because we do want to wrap up pretty soon.
So, Mutasco, you have something, Mutasco, from the village.
What's happening?
Hey, Sonny.
Well, Sonny just literally took out what I was going to ask.
As I was listening in, he went straight into it. I was going to ask as i was listening in he went straight into it i was
going to ask him about stagate but um one of the things that i want to ask uh sonny is um and i
know there's been talks uh on reddit and other social media platforms regarding v better there's
some programs uh called the green ambassador program now i don't know if it's an active program
uh can you hear me yeah i can hear you yeah so my question is kind of tied to um you know
just content creators in general right the the thing that got me to, and I've held probably VeChain is like the longest asset I've ever
held.
Okay.
And I will continue to be bullish on VeChain to the end because I understand the core thesis
of it.
Right.
And you also are part of the bullish because I've heard you speak multiple times.
times I understand your story and that's inspiring to me right that the one of
I understand your story and that's inspiring to me.
Right.
the story that inspired me about you is when you started creating the first
white paper I think you invited some people within your network and ask them
what value can you speak to that for the first white paper yes please oh yeah
actually before we launched the Vechain, I kind of, let's say I really, I'm an engineer, right?
I always problem driven, solution driven.
So I was thinking about like, okay, if I ever build any kind of blockchain, I need to specifically address any challenges. And I was a CIO in Louis Vuitton.
Basically, my job was, you know, find a solution for business value or for business challenge.
So I calling up a group of people. They're all my friends. Some are very good friends like families.
They are executives coming from the different enterprises. Sure,
there are a bunch of people from LVMatch, from L'Oreal, from manufacturing companies.
They're a C-level person in Asia area. And actually, how do I incentivize them? I pay them, everyone, 0.5 Bitcoin at that time.
That was in 2017.
I say, okay, I use my own money,
but I'm not going to use crypto.
I'm not going to use fiat.
I pay you 0.5 Bitcoin.
If you come over, I tell you how to install wallet.
There was no VPN by then.
I tell you, I help you to install a Bitcoin wallet.
I transfer 0.5 Bitcoin for each of you.
And I even pay the hotel, everything.
I lock those guys, around 20 people, two days in the hotel.
And just go through the different type of questions.
Do you know about a Bitcoin?
Do you know about a blockchain?
If your company wants to use blockchain,
what do you want to use?
And if your company use blockchain,
what kind of the concerns for the current solutions?
So basically after two days, I got rough ideas
and we summarize everything
and make the first product requirement document for
V-chain blockchain.
And then one year later, we launched it.
So yeah, that was a story.
Yo, great stuff.
We are going to be wrapping up pretty soon.
Sonny, I have a question.
Are you going to Toronto next month?
Yes, this month.
This month. Sonny, I'm fine. Thank you. I don next month? Yes. This month. This month.
Sonny, I'm fucking thinking.
I don't know how I'm going to get you.
I'm going to fucking stick up with you.
We're going to do something.
I'm going to get you.
Unless you have security, I ain't doing shit.
But Sonny, we're going to be drinking.
We're doing something together.
Legal activities, of course.
Because the whole Breakfast Club is coming to Toronto next month.
And Sonny Lou is going to be there.
So maybe we can do a live interview. I know me and Zach have some mics and you know I'm
bringing all my camera equipment you know by the way best photographer
videographer we could do something sunny while we're out there maybe an interview
that we can yeah post on Zach's channel or something that would be great I think
I have a keynote in the main stage of May 15 so. So, in the afternoon. So, anytime,
I mean, yeah, we definitely
are lying. We hang out.
Oh, we hanging out.
Y'all heard it here right first.
Y'all heard it. Sonny and I are best friends.
Can I finish?
We're going to be hanging out.
We're going to do this,
Sonny. We're going to do it. We're going to link up
Zach, myself. I think Barbie's going to be there also. The Breakfast Club, everyone's going to be there. So, let's figure this this, Sonny. We're going to do it. We're going to link up Zach, myself. I think Barbie's going to be there also.
The Breakfast Club, everyone's going to be there.
So let's figure this out, Sonny.
We're going to get you to the back channels right now.
We're going to hit you right now.
When I finish my question, though, there's a second part of the question, Sonny.
Okay.
V2N, and this is to Zach.
Zach is not going to ask this question, but I'm going to ask it on his behalf.
So V2N and just the bounty program,
what part of it do you think that content creators like Zach
could leverage?
Because I know within the Stargate framework,
there is incentive mechanisms, there's rewards and NFTs and all that.
What aspect of that could Zach's platform leverage as kind of maybe a V creator, ambassador program, whatever that may be, that can onboard not just Zach, but many other quality content creators that would drive the mission.
Because you're doing a fantastic job, by the way.
Just the structure of VeChain and what the utility it offers,
that's the future.
But how do we get that message out there?
But then also those that are doing that are rewarded
and also promoting network security. Yeah, sure, 100%. that are doing that are rewarded and also promoting network
security.
Yeah, sure.
100%.
There are two aspects to do that.
One is generally like, you know, spreading the words.
Like I mentioned, we're launching the Vechin Renaissance.
We're scaling up the VBetterDL use cases.
You know, we definitely want to walk people like that, like a crypto breakfast or brunch
or late night
drink, whatever we call it, to get the message out there, you know, get more people to understand
what we're doing.
Late night drink study is crazy.
Let me stop you right there.
Late night.
Yeah, we definitely can figure out something, collaborate with each other.
I honestly, I like this space.
It's the first time for me, but I can feel the passion about that. I really enjoy that. Secondly, there is also another
aspect. It's not just about the crypto or about VeChain, also about sustainability.
There is a one extra application launched by, now is managed by BTG, Boston Consulting Group, is called Green Ambassador Challenge.
It's one of the application in VBetterDAO. So basically they're updating the learning program.
So basically you learn something and you answer some questions and you get passed and you earn
the better token as a reward. And actually, as a matter of fact,
there are a bunch of school,
like a charity school in Africa,
the teacher getting those tips
about sustainability costs
from the green ambassador
and putting the class for the kids.
I think I really feel inspired
about this application.
And I asked BCG to like, well, you guys got to run this and, you know, keep iterating the materials.
And, you know, if getting more kids about the education, I will feel like super hyped about that.
So yeah, two aspects.
So, yeah, two aspects.
One is about Vechain itself.
One is about V-Chain itself.
Definitely, we can work something out.
Second is it could be general,
not only limit to sustainability per se, but anything,
even the training class,
even because human capital is a part of the framework
of sustainability as well.
So any kind of educational platform,
it could be launched in the VBet at all.
So, yeah, I think those are two aspects.
I would definitely support that.
So, Zach, here you go.
V creator ambassador program.
Sunny Lou signs on it.
Submit a proposal.
And I'm sure Sunnyny will support that,
and you can be the earlier.
We'll all co-sign that document.
We're all good.
We'll have co-sign it.
You're a good sales.
You're a good sales.
Mutasco, nothing but love, man.
Appreciate you.
B, go ahead, and then we will look to close it up here in a few minutes, guys. Sonny, thanks so much for hanging out this long with us, man. Really appreciate it.
My pleasure. My pleasure.
Yeah, so this has been great, Sonny. So I want to end with a question, basically. What type of projects are you looking for to be onboarded onto VeChain and to be part of the grant program?
Like, is it more retail?
Is it more, I guess, what's the focus?
I would say generally speaking, I have a, let's say, high level, got two criteria.
One is, let's say, X2Earn, that type of platform for VBetterDot, right?
that type of platform for VBetterDow, right?
So basically, you can define what kind of the acts.
You can calling up the user growth
and driving for accumulative or collective value
to creating the impacts for making the world better place,
those type of things, it's already there.
And then second type, if you bring any kind of enterprising, I would say, you know, consider like one of the, it would just like Dana Weiss work.
It's not only about, let's say, supply chain or moving some business opportunity on the blockchain, on the Vechin blockchain.
I have a criteria for those type of
application you got to have a token in play somehow i don't know what kind of the model will be
whatever is nft or ft you gotta have a token in play otherwise it will be like traditional
database type of the blockchain application, it's incremental improvement,
but not revolutionary change.
But I would say we are working on a revolutionary change for sure.
So yeah, those two types of things.
Yeah.
No, that makes sense.
You want a token that already has
a product market fit or an audience already.
So that way it could just like
not just be database.
Yeah, yeah, yeah.
With the user growth, those are two criteria thank you so much i'm complete
yo i'm complete bro i'm telling you that but listen uh that's what i'm saying any time you
get in a fight with your girlfriend bro i'm I'm complete. That's it. You walk out the room, Sonny. You feel me, Sonny?
That's all you got to say. Now, I'm complete.
I feel like a broke back
among those.
Bro.
You just did that kind of
breakfast. Sonny,
negative, bro.
That's crazy. Yo, someone clip it
and send it to me. I need it.
That's my fucking ringtone.
Oh, my God.
That's going to be a quote.
That should be a forever quote, a soundbite.
Oh, someone clip it and send it to me.
That shit is hilarious.
And you guys are hanging out with Sonny. Sonny, the Bitcoin you gave away is probably today at current price nearly a million dollars.
Was that about 10 Bitcoins you just gave away?
Come on and hang out with me.
Let's talk about the value.
Yeah, well, some of my friends still holding that 0.5 Bitcoins since then.
Oh, wow. Like really happy about that it's around 50 000 dollars love it hey sonny but for real we're gonna see you in a ring
soon that'd be a great marketing campaign actually i was talking to dana like why why don't we slap
each other on the power slab that That's what I'm saying.
See what I'm saying, Stai?
That's the tickets we need to go to.
Come on, dude.
I'm a small Asian guy, and Dana is like big and powerful.
Slap him with two hands, then.
I actually just saw a thread of Dana, like how he lost all that weight.
He got really in good shape with Gary Brecka
it's actually really cool all the different stuff that he did with the peptides and yeah
I find that really fascinating actually pretty cool yeah yeah I met Gary as well and um you know
I like to um maybe take some classes from him as well someday someday not today these days are crazy all of the schedule is uh it's really
heavy workload but as part of the startup life 100 and we appreciate you taking so much time
today and talking with us we'll definitely do it again i know so many people appreciated it man so
um loved it really really enjoyed it this has probably been our best space yet. So we've been at this for like a year, just showing up every day.
So truly an honor to have you here today. And I know everybody will echo that.
So thanks so much.
So much pleasure, Zach. So much pleasure.
Appreciate it, man. Appreciate it.
All right, guys, we'll be back tomorrow, 930 a.m. Eastern.
And sunny, safe travels and look to see you in Toronto.
Oh, yeah.
A hundred percent.
Thank you, guys.
I'll see you, Sonny.
Sonny, I'm eyeing for you, brother.
Yeah, let's gang out in Toronto first and talk about the trip to Milan.
Yo, y'all heard it.
Yo, yo, someone clip it.
Someone clip it right now.
I don't know who needs to do it, but someone in the room clip it.
Clip it.
Sonny, I'm tagging you in a post right now.
Sonny said he's taking me to Milan
when we talk about it in Toronto.
Thank you very much.
Clip it.
Someone clip it.
First person to clip it
is a breakfast club shirt
that we don't even have right now.
Yeah.
Well,
seriously,
let's talk about the,
you know,
the UFC giveaway
for a crypto brunch
or crypto breakfast,
whatever.
Late night drink.
Late night drink. That's true. Late night drink. Late night drink.
That's true.
Late night drink, dude.
Breakfast at night.
Zach, we should start a little late night drink,
and it's just jazz music playing as we drink whiskey and shit.
Yeah.
Drink with Cigar Lou, bro.
That would be sick.
All right.
Thank you, guys.
We'll call this sunny sundown.
Thank you, son.
Appreciate it.
See you guys.
I appreciate it.
Bye. Bye you guys. Appreciate it. Bye.
Bye-bye.
