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Wale Tank on Sui
Recorded: April 25, 2025 Duration: 1:27:19Space Recording
Short Summary
Exciting developments in the crypto space as Sui showcases significant growth with its Whale Tank event, while Bluefin and DoubleUp prepare for major token launches and partnerships, indicating a vibrant ecosystem poised for innovation.
Full Transcription
Thank you. Thank you. so
gmgm everyone gonna wait a few minutes for people to join in
shif my brother how you doing i'm doing fantastic we're back with a whale tank uh arguably one of
my favorite game shows that we do on on the whale show and it's been a minute since we've hosted one
but even more excited that we're bringing it back um with some exciting chains like sui who are me well sui's been making massive
moves especially in the last couple of months i've been holding since like just under two dollars so
it's nice to see the bag being up but also the narrative around sui people participating on
chain trading around it uh and really just forming that community it's been quite um the vibe to see uh pretty recently as well so you know i'm
super excited to kind of get into this but whale how are you doing let's go doing good also excited
to bring it back i don't know when we did the last uh whale tank and for the people who are
joining for the first time we'll dive into what we'll think is in a second.
But yeah, excited to bring it back,
to bring the show back.
Welcome everyone.
Like and Retreat the Space, by the way,
we're giving away some sui to the people
who like and retreat the space
in the bottom right corner.
So if you're listening,
make sure you hit that Like and Retreat button.
Shiv, you're in Dubai right now right for the
event
Token 2049 is happening in a couple
days so I came a bit early
started going around in Dubai
just exploring the city it's a beautiful city
but also a lot of DGents are here as well
I met with some Web3 folks so if you're
here please message me I know a lot
of people coming into Token 2049
relatively soon if not already, are here.
I think it's also a great time to definitely meet community members and people who are participating on-chain.
So start planning. I'm pretty sure you're coming if I'm tripping.
But I know a few other people are coming as well, so I'm looking forward to that.
Let's go. go excited for that so for the people who
are joining for the first time uh we're hosting whale tank together with sui today what whale
tank is uh basically the idea is to uh spotlight like a few builders uh we did uh one on barrow
chain back in the day um we did one abstract um i think uh today it's with Sui we have three
exciting teams
exciting projects on today
Bluefin, DoubleUp and Walrus
which will all give
so they basically have like five minutes
to give an intro into what they're doing
why you should care, why you should check them out
if you haven't already and then we'll kind of
go into like a 20 minute
AMA Q&A session
with them kind of learning more about what they're doing,
asking some questions, maybe giving some feedback.
Our first guest today, as I said, is Bluefin, I believe.
Yes.
And I think we have...
Let's see.
Who's the speaker for Bluefin?
His name is...
Sorry, Ashton, I think Schiff muted you.
Yeah, behind the back, brother.
No, no, you're good.
He's in the audience.
His name is A-H-M-A-D, Jawade.
Yeah, I'm trying to find...
I'm in the request.
I don't see the request.
He's a handsome brown man.
I see him.
I see him.
I see him.
I see him.
More handsome than you?
We'll wait for him to join.
By the way, Sui, I sent you a co-host.
Invite if you like.
I'm also invited like Walrus.
Brought a call up to the stage.
Hey, guys.
If they want to come on. GM, oh yeah there we have a co-founder and cdo of of luven amad how are you doing
welcome to the show i'm doing great thank you for having me
let's go how long have you been or when did you when did you stop luven maybe before we go into
the uh before we do the pitch like some background on you maybe would be interesting.
Yeah, happy to.
It's been some time.
It's been a journey.
I think five years now around.
It was 2020, 2021 when DeFi summer was happening.
I was just working as a software engineer in San Francisco.
It was a good life, but always wanted to be doing more.
And that's when I ended up kind of going all in.
We raised our first capital was kind of the catalyst for me to quit my job, go all in.
And then then it's been a lot of learning, you know, like how do you build through a
bear market?
How do you like not just build a good product, but build a good company and culture and people?
So it's been quite the journey um over the last four
years let's go excited to have you on today so so it's like having a crazy week i think shift
already already touched on it uh now a top 11 coin i think uh up i don't even know 60 this week
absolutely crazy so perfect time i think when we first announced it, I think it was about
seven days ago or
a little bit less. And that's kind of where the
pump started. So I'm not saying it's
because of the show, but
it's been a big move. So
again, Ahmed, welcome to the show and would love
to hear your five minute or
less kind of intro
into Blufeet, what you guys are doing,
why people should check you out and all
that. Yeah, let's get into it. So everyone, I'm one of the co-founders and CTO at Bluefin.
So let me give you guys a quick snapshot of where Bluefin stands today and then what's coming up
after that. It's been over a year now, I think, since we launched our Bufin Perps exchange,
which has since then, since Jan 2014, I think is when we launched,
has grown to become the largest exchange on the suite network.
We've processed over $55 billion in total trading volume.
We're sitting at about like $90 million in TVL,
at about like 90 million in TVL and the annualized revenue is around $8 million. So we started with
and the annualized revenue is around $8 million.
perps in Jan 24, just on perps alone, we've had 47 billion in volume. And then about five months
ago, we launched our spot trading application via an AMM. We're already number two as a spot
exchange on SWE, despite, you know, competitors having been there for a few years. I think that just comes down to our
suite of building, our obsession with UX. I think we hunt down pixels when we're testing things.
And frankly, I think my co-founders have a superpower in building real relationships
across the ecosystem. And then just a few weeks ago, we went live with BluefinX. It's our new
RFQ-based routing engine.
It's the first time this has come onto the SWE network,
and it basically redefines how swaps happen.
Market makers like Wintermute, for example,
plug in quote directly to users.
You end up getting spreads that are within like one to two bips of the mid-market price.
There's no gas fees, there's no slippage.
So things like MEV are fully eradicated.
And now our swapping engine will sit in the front of this RFQ and the aggregator always choosing the best
path for the user. And then finally, probably what I'm most excited about is the upcoming release of
Bluefin Pro. It's our completely rebuilt purpose exchange from the ground up. And we've designed
it to have with everything we've learned
to have some of the tightest spreads and deepest
liquidity in DeFi, not just SWE.
I think that volumes will truly explode once this goes live
in the next few weeks.
In a nutshell, what we've done is there's
this notion of a SWE fast path that we've
it's deeper in the SWE technicals.
Maybe you'll hold off there unless there's questions, but we combine that with an optimistic
architecture, which allows us to place and cancel orders within milliseconds and do on-chain
execution like within a second.
And on top of that, it has cross margin support, which is great for capital efficiency.
It has isolated margin support for like retail users.
It has multi-collateral trading.
It's going to have lending yields on your assets that are just sitting idle and liquidity
bolts.
So really a full suite of features that we've grown to see both retail and institution
love.
I've said a lot, so I'll pause for us to dive into anything we want to.
But just to summarize it, we've done more than 55 billion in volume traded
90 million in tvl we're the number one um exchange on suite exploding in spot volumes and bluefin
pearl is coming very soon thanks for having me let's get into it let's go thank you so much
by the way i forgot to introduce our two other speakers today eshen and and Stav Vladimir. We dove right into it.
So before we go into the AMA session,
Eshen, Stav Vladimir, welcome to the show.
How are you guys doing?
Man, thank you so much for inviting me.
I'm excited.
First time here in Vuel Tank.
So, pleasure to be here with you guys.
And yeah, it's cool to see and hear more about three projects.
Suriname has been killing it,
especially this week,
has been crashing the charts.
So I'm excited to know more
about these builders.
Again, thank you so much
for inviting me, Will.
Let's go.
Thanks for coming on.
Eshen, my friend,
how are you doing?
What's up, bro?
It's been a minute.
I haven't been on a space
in years,
and I haven't been on like a panel in probably even longer. So I'm very excited. I'm excited to hear about all these SUI projects. I kind of took the deep end with SUI like four to five months ago. So I'm very excited to hear more about what these guys are building. And I hope I can be of assistance here as well.
Let's go.
Excited to have you guys on.
So, Ashen Subletimum, when you have questions, when you have any thoughts to share, just raise your hand.
So, let's dive right into it.
We already heard the intro from Ahmed when it comes to Bluefin.
I would like to hear, before we go to Ashen, a little bit more about the pro version that you touched on. I
already used Bluefin and past I guess a lot of people who are active on Sui did as well. What
are the details around what you can expect from the next iteration, the next big update?
Yeah, great to hear you're already a user. So I think there's a bunch of things that we wanted
to add to the exchange that we've been just holding back because we're in the process of
rebuilding the whole thing. And there's two core things. One is cross margin. So at the moment,
there's only isolated margin, which is just a form of controlling the
risk on a market you have. But the downside is that you can't have market makers, you know,
quoting multiple markets in a capitally efficient manner. So as soon as we have that live, it
unlocks the ability for us to have hundreds of markets with great liquidity on them. And then
the second thing is, it's deeper in the technicals as we
learn more and more about the sweet blockchain. And we also like understood with partners,
there's this inverse relationship that happens between the speed at which a market maker can
write and cancel their orders, and the quality of the liquidity they can provide.
To best understand this, if it takes you like two seconds to cancel an order the market makers go wide to like in their quoting to absorb the
amount of price could change in those two seconds and that means for the user that that's just a lot
of slippage right as i'm trying to market by which isn't great and so once you understand that like
the only way to solve it really is to give some really fast cancels.
And we re-architected our whole architecture for that.
And we achieved that.
We can even do sub-second.
Like we're talking like milliseconds for cancels.
And ultimately, I think this will mean that our books will have some of the lowest spreads and deep liquidity that exists on perfect exchanges out there.
So very excited to be able to bring that to users.
Let's go.
I love it.
Eswin, I saw with a hand up, then we'll go to Shif.
Oh, yeah.
I had a question unrelated to the new update, but I made a video on you guys like a while
back, and I compared Blufin to be like the Jupiter of Sui.
Like, there's some protocols and coins and stuff that are on each chain.
That's kind of like when you think of the chain, you think of that product.
Like Hype, when you think of Hype, you don't really think about the L1 or L2.
You just think about the perps trading on it.
So on that question, SUI, I think it's kind of in like a position of a newer blockchain
where like it's not useless, which I say sparingly. Like there's so many different L2s out there that are low-key useless.
But Sui, I actually really like and I see the use for in its stage of like infancy.
Like what have you guys learned from protocols like Jupiter and other stuff that's already happened on Sol that you're trying to apply to the Sui blockchain?
So you kind of don't go through those same like growing pains you know if you just soul
went through all this crazy shit and still is but are you guys in a position where you're learning
from it and making it better are you kind of just like failing alongside them and trying to grow
upwards with it yeah hey great question um and i do remember that video as well so uh
recollecting that um i think there's two things here. One, obviously
I'm built on Sui, so I may be a bit biased, but we went through a lot of research before
we decided that Sui is where we wanted to build. Um, this is like, you know, back in
2023, we were at the time had made some poor decisions around polka dot when I had first
just gotten into Web3, not necessarily poor, but like over time,
emerged as not the best.
And we had explored Arbitrum.
And at that time, we're like, OK,
it came down to a few things that make a chain great.
We had to look at security, composability, speed.
And when you go to an L2, you lose composability.
You have to bring in oracles, et cetera.
You have to do bridging,
which takes away security.
And so we're like, okay, let's look at L1s.
And then we're looking at Solana,
Sui, Aptos.
And honestly, what kind of emerged
to us very quickly
was the quality of the Mistin team.
I would, we were benchmarking things.
We would chat with them.
And everybody, like,
we were getting like bullshit BD answers are not real technical answers and then the mistin team just phenomenal answers
in their group chat from their cto and we're like holy shit like i've learned building a
company that people matter a lot and i can see that these there's some great people here and so
that's how we initially found ourselves there and then then honestly, over the last two years, it's kind of felt like a great bet because they build fast and they build really high quality stuff.
And they understand these things.
So like when the airdrops happen, the network doesn't go down because they can't handle it.
I think the two years I've been here, I've seen like one major validator outage for a few hours.
That's it.
Back compared to when we were on
Arbitrum and it was like almost every few months it was happening it was some shit going down so
they've been great in that regard and then I think the second question you asked was just generally
around what are we learning from Solana and like people that have built there I think to a to answer
you directly I don't think you can build a great product without constantly
looking at competition and you cannot constrain that competition to being just what exists
in your small, like immediate neighbors, right?
On the sweet blockchain.
Like we have to be comparing ourselves across all of DeFi and C5.
And because ultimately you're right, like users should not know that they're on a
blockchain, right? Like you use Twitter right now, or some other product, you don't know if it's on
AWS on Azure, etc. Like, that's what it should be. And you have to build that completely abstracted
experience. And so that's actually why we ended up taking on the spot product and the RFQ. And
like, we were exploring lending right now, that's going to be coming out very soon and so
really what the goal is that hey users can land on bluefin ensuite and we can abstract away all
the technicalities and let users get give users what they need you know whether it's swapping
whether it's trading into perps whether it's access to other things because it's not always
you have to build everything like we've partnered up with great teams. DoubleUp is actually a phenomenal partner of ours.
Can those tokens that bond directly launch onto Pro?
Or can we do other things that are very composable
with the other products on there?
That is the ultimate vision.
Sweet. I'm a good question i think when it comes to figuring out which chain works and aligns best with your vision right there's so many different chains out there um and almost each
different chain has its own narrative what kind of led you and kind of pushed you to realize okay
you know building this product made sense the most on sui uh when you initially first
started and how's that been for you so far yeah good question this is kind of around what i was
touching earlier we we ended up first building the exchange on polka dot and and then like it
just was not working out so like hey we haven't uh we it was like an evm written stat so it was
very easy to take that to Arbitrum for us.
And we went there and then I was,
I just remember like the chain would go down,
trades would bust and the traders,
like imagine like you place a trade, a stop loss
and that stop loss just failed to execute on chain.
And then there was no recovery for it.
Like people got pissed off.
And if you listen to users, you understand what they want.
Like you have to learn you understand what they want like
you you have to learn from that very quickly and so when we were exploring that's kind of the
we were looking at the options and those l2s were a big like l3s even you know like starkware and
others were pretty compelling because they were so fast and you could achieve these things but like
i remember in front of my eyes as i was making that decision this nomad bridge hack went
happened and I was just like speculating holy shit if a bridge hack happened to us that would
be catastrophic because everything is marginated by one collateral when you trade in perps and if
that collateral loses all value then like everything loses all value And so that's what ultimately A led me to an L1, which is, hey, if you're an L1, that is the most secure,
both from lack of bridging and B, the composability.
Oracles are notoriously the Achilles heel of perf exchanges.
Oracle manipulation is how Mango got hacked
and a bunch of other hacks have happened.
So you get that by being on an L1.
But then the second challenge becomes the throughput, is very different than speed right like throughput is how many
transactions can be happening at once on this and that only you really get from dag based chains
and so this is slowly narrowed at the time to like after sui solana and from there honestly it was a bet on you know when you go do angel
investing like you're looking at people like i cannot tell you how phenomenal the mist and
engineering team is and i think arguably it was a great bet because these guys over the last like
you guys are looking at suite from the last six months if you look at it from the last two years
their growth has been parabolic and i actually think that it's still
a sleeping giant i think it's going to grow quite a bit because they're doing some incredible things
i love it uh just before i pass it back to whale i do want to mention since we're bringing back
the whale tank of course alongside sui we want to give back to the people always have appreciated
everyone who tunes in so we are giving200 in Sui away on the space.
Just simply, you know, we're not even going to ask for much.
Just follow everyone up on stage, like and retweet the space,
and we'll get to it after.
But wait, I'm going to pass it back to you.
Let's go.
Yeah, I'm curious, like, as I said, you know,
it feels like eyes on Sui have, like, increased significantly last week.
We see it in token price. I see a lot of content
on the time. I think there's some talk about Pokemon now doing something there.
I guess rumors for now, but so it feels like there's, of course, a switch in attention as well.
Is this something you also notice when it comes to users of the app, transaction volume, stuff like that?
Do you see a shift in the past, I don't know, seven days, 7.30 days, something like that?
Yeah, I think being a builder, you almost sense it coming a bit earlier.
a bit earlier because from I'll tell you how it materializes from our point of view it's folks like
Because I'll tell you how it materializes from our point of view.
phantom wallet reaching out saying hey we're looking to do a sweet wallet like a sweet integration
and um can you get this wallet supported so that we'll be able to launch it and you know when you
see someone like phantom which is arguably one of the best wallet providers out there massive
user base you can kind of just sense what that will mean for users coming to the blockchain.
So, you know, like this, there's other providers out there that are doing like cross chains, swaps,
others that are like looking to chat with teams about getting them integrated.
And you can see that kind of activity really picking up.
So I think you're totally right about that.
There has been a lot of inflow, a lot of mindshare growing and it's reflected in teams like you know phantom and others like deciding that hey sui is worth
integrating let's go by the way what's your because you're kind of at the
what's your what's the best sui world in your opinion is it phantom i think phantom is crushing
it like especially like on the uh you know, I've been using it for ETH
and so on for a long time.
What right now do you think is best,
the best SWE wallet?
SWE wallet specifically?
So like, I mean, if Phantom integrates SWE
and you're already, you know,
if you're just a crypto user
and you have the Phantom wallet
because it works across EVM Solana,
I think it's going to be a great wallet
to keep using.
Up until recently, though, that wasn't the case the case right and it was like really only dedicated sweet wallets
i i'm personally just a big fan of the uh sweet wallet or like the main core one
created by the mission team they've actually done something unique there where there isn't even a
need to be creating different wallets because there's like a wallet standard that everybody has to implement um and i think i
when that came out i saw a lot of people that were just building explicit wallets kind of just stop
i'm doing that i think the other thing is a lot of the teams like privy that are working on more
abstraction uh related things i think that stuff
is phenomenal because if you look at why a lot of c5 users haven't made it over it's it's the you
know anxiety dealing with private keys and seed phrases we're crypto native we want it we desire
it and so it's very easy for us to be like oh no but this is better but like if you look at the
massive user base that could be tapped into they they have a bit of reluctance around those things.
So I think there's some great stuff happening from teams like that too
that are going to become a big inflow of users.
Amazing.
Maybe one last question as we approach the end of the segment.
For the people who are tuning for the first time
maybe haven't used BluFIN before,
what's something you think they should definitely check out?
I know the APR on the BluFIN liquidity pools
looks really, really, really good.
What's maybe one thing you would recommend
for people to check out?
Maybe if they are active on other protocols
and other chains uh but want to
check it out for the first time yeah i think i can recommend three things relative to your
risk tolerance and expertise in trading like liquidity pools of course are a great place to
come and have some funds deposited to just earn yield on.
But depending on how well you understand AMMs and the possible impermanent loss,
there are a bit of downsides.
So I always recommend that if you're very unfamiliar with it,
go to one of the stable pools like USDT, USDC.
We have this feature called Auto Rebalancer
in partnership with the AlphaFi team.
They're also awesome ensuite and it basically just constantly rebalances things for you to keep you in the optimal range to
just keep earning yield so i think that's a great way to do it it's very simple just land on a ui
hit auto rebalancer deposit the funds in the second option is um we have explicit stable pooled so if you don't want to on perps, perps are pretty complicated and you have a bit to learn on how to trade on leverage correctly, you know, with the right risk tolerances.
You can just deposit into a vault that we have professional market makers trade.
And you're basically indirectly supplying liquidity to the exchange and earning premiums on that.
And the last one is, hey, if you are a power user, you understand perps.
Like, we're building some awesome stuff out there.
We're about to have stop losses, trading stop, BBOs, kind of every kind of thing you would want.
And we're about to have massive trade and earn campaigns running so that if you're trading,
you will be able to get rewards back in Blue and a referral system.
So definitely watch out for those as we go live at Bluefin Pro in the next few weeks.
Let's go.
All right.
So for a viewing audience, make sure you follow Bluefin.
Make sure you follow Emmett to not miss any updates on that.
Emmett, thanks so much for coming on.
Really excited to see what you continue to build
at Bluefin.
Great product.
And yeah, thanks so much for taking the time today.
Yeah, thanks for having me on, guys.
And great questions, honestly.
I enjoyed answering them.
Let's go.
Thanks for joining.
So everyone for the audience,
it was the first segment on Welltank today.
We have three totals, so we have two left.
Welltank, for the people who are just joining us,
we're having a pitch or an intro from one of the team members
or co-founders on a product that's building on Sui.
Kind of an intro into what they're doing,
followed by a quick Q&A session,
questions we might have, questions the audience might have.
If you have questions, make sure you're dropped in the bottom right corner and like in Retreat a space.
If you want to win some, Sui that we're giving away to people who like in Retreat.
Before we go to our next guest, and that's actually an important question,
what's the right name or the right way to pronounce Sui?
Because recently I learned, I always say Kaido.
Recently I learned it's Kate-O.
At least that's something the intern said yesterday.
So I always pronounce tickets wrong. So who on the panel can tell me the right way to pronounce it?
Sui.
Yeah, right?
Yeah, kind of like Sui.
Like you're Sias, Ronaldo, Ronaldo. I don't know. Bro, 100%. way to pronounce it i'm not soon yeah right yeah kind of like sui like you see it ronaldo
i don't know 100 100 it's cr7 nothing else matters let's go okay mike do you agree i see
you laughing what's your right way how do you pronounce it give me your see when when I was, before I came on to Sui, Sui, I used to say Sui, but I mean, damn, I gotta say it's Sui, bro.
That's how it's pronounced. That's what I've been told. So I gotta let you guys know, dude.
Okay, so Sui. Is this right?
Yeah, Sui.
Sui. Okay, okay. So, already learned something, Neil. Oh, sorry, you got your hand up. Can you tell us the right way to pronounce Sui?
Yeah, it's like Sui.
Same way Mike said, like Sui.
Okay, okay.
Now I got it.
All right.
So I saw Ashen pronouncing Sui as well and Shiv as well.
So it's Sui for the people who are on the panel and in the audience.
If you take anything away from this space,
don't let it be that.
You can still do this.
We have a lot of great content coming up as well.
But that's great.
So next guest, Shiv, who's our next guest?
I think it's DoubleUp.
We've got DoubleUp.
We've got DoubleUp as our next guest.
Who's behind the DoubleUp account?
Hey, folks.
Nice to meet you.
My name is Healthy. I'm the CEO and founder of DoubleUp, or actually the chief intern, I guess. Let's go. So
founder and chief intern, that's an uncommon mix. But no, thanks so much for joining us.
Would love to hear your five minutes or less intro into what DoubleUp is, and then we'll jump right into the Q&A session.
Sure. Sounds great. I'll intro a little bit about myself. My main account is HealthyDeej or HealthyDegen.
You can find a lot about me across Twitter. Relatively small SWE influencer. influencer, but previously I actually led the Mistin DeFi smart contract layer. So I was one
of the five smart contract engineers on the Mistin team, and I specifically worked to integrate
all the DeFi protocols coming on. I also was the engineering lead for DeepBook itself. So I built
out the first version of DeepBook v2 last year. Very salty, I didn't get more of an airdrop from it,
but that's okay.
I also built a lot of the original RPC infrastructures
and have been at SWE and Misten Labs
since the testnet timeframe.
Bluefin and I are well acquainted and connected
because I was one of the first engineers they talked to
as they were onboarding to SWE.
And it was great experience, been a pleasure to work with them since.
And then the story of this is I was actually just hacking on some random projects
to innovate on SWE with the chief cryptographer, Kostas, one day.
And we decided that SWE is missing an on-chain gaming platform.
So we basically convinced Mistin to let me spin out
and build out really fun on-chain experiences on SWE,
and this led to DoubleUp.
And what DoubleUp here is,
it's aiming to be the hyperliquid of casinos on SWE.
And that's like a tall order to kind of surpass,
but we find three core things and tenants of Hyperliquid.
The first that it's a fully decentralized platform.
It really puts users first.
So users can take the side of the casino and actually stake on the house.
So we have vaults on UniHouse for like G Suite and GUSDC that accrue player losses as they go and gamble in the casino.
And then one other thing that we'll eventually build on that very inspired by Hyperliquid is
the idea of vaults. So a user can create a vault and then you can stake into it and that user
decides to gamble, then you share the action with all of your friends. So as we launch sports betting
and as we launch other things like that,
like it will become significantly more interesting
if everyone in your friend group
wants to ride the same parlay.
And the third important tenant is the token must go up.
So we're throwing all of our revenue right now
and plan to throw all of it in this oncoming year
after we TGE and doing something like 90 to 97%
buybacks into the up token itself. I think those are the major things right now. And on the player
side, like why would any player want to use us is we're a fully transparent gaming platform. All of
the transactions are all on chain and use the native randomness um the ones that are
off chain are still publicly verifiable as we output everything bet by bet and any user can
actually go uh validate our revenue or everything that we're doing on chain it's all indexable um
online and over this past year we've actually managed to make around 2.4 million in um
gambling just across the board and an additional 2 million has gone to our uni house stakers
who have been benefiting from from this in general so we're gearing up to really push for gamble fi
we think their gamble fi category in general is not really big right now.
Rollbit kind of launch, Suffol kind of launch, but no one has made a really big splash.
And I think the experience on Sui is far superior to the experience on other chains.
Like we can get to one click, we can have full randomness, all of these things.
Additionally, we don't only ship like iGaming platforms.
Like first I was a DeFi engineer.
So we actually just build a ton of different things that all contribute to the up ecosystem.
We are the first PumpFun fork on suite that launched.
And this is why we integrate with Bluefin.
All of our tokens migrate to the Bluefin LPs.
And it's a great trading experience and partnership here
we also run the second largest on-chain lottery that's fully random uh there's currently one
million up for grabs um usdc um and it's a very interesting thing because we're running a double
special right now where we're launching the up presale through the TGE,
through the lottery platform.
So for every $5 you buy in our ticket,
you actually get $5 in UP token and the chance to win the one mil.
We really think Double Up has a chance
to become a full digital Vegas and iGaming platform.
This is through our investments in entertainment.
We've worked with crazy artists
like Bobby Shmurda and Ted Park. There's a lot of examples of streams like this. We've
been partnering to put people and our VIPs on trips and have real life activations. And
we also just make the gaming experience fun and wholesome or as wholesome as gambling can
be. That is our... that's all. Let's go.
Thank you so much for the intro.
Thank you, sir, for the applause.
No, great, great intro.
Thanks so much.
I actually have...
So, first of all, I think, like, GambleFi is, like, one of the verticals
that I think have, like, a proven success record in this space,
one of the few ones.
We skiddle in, We see a lot of chains,
which kind of brings me to the question,
you mentioned you have a token coming up.
But will it be direct utility for the token
on the platform as well?
Because I know from other ecosystems,
for example, I don't know,
like on Blast, we had YOLO. I don't know how many ecosystems, for example, I don't know, like on Blast we had YOLO.
I don't know how many people said you said, but they had a TG and I think you were able to start with their token on the platform as well.
Is there anything like utility, when it comes to utility plan to the token directly on the platform?
when it comes to utility plan to the token directly on the platform?
I'm actually a firm believer,
after studying a bunch of the other tokens that are succeeding,
is that you should not correlate the token directly with activity on the platform.
I think the token is a good example to just use it as almost equity in the platform directly.
We're going to do buybacks and burns.
We're going to give out rewards for our participants.
But ultimately, the gaming value should come down to USDC
or SWE or we'll use some native token that we decide.
That makes sense.
When it comes to, so I don't know if I missed it,
how long have you been, or how long is DoubleUp out?
DoubleUp has been live for the past 10 months, so we're a pretty new protocol.
Interesting. How are the user numbers? Can you share that?
Yeah, yeah. So since we've been live on SWE, we've had about 20k distinct addresses.
Right now we have about 1k weekly active users.
That's why our contests are actually
all plus CV right now. If you go play, we're handing out $100,000 this month almost. If you
go and play, there is quite a lot to be earned on the platform.
Let's go. Can people, because I assume like platform, when you have your TGE, there will be some airdrop based on platform activity, right?
Absolutely. There is a lot of activity.
Mike is our BD, and I think I can give some, he can take it away on what activity there is.
That would be great. Yeah, Mike, because it's also like referral of friends and stuff.
So what's the best way for people to if they want to form the airdrop?
Yeah, so there's actually a lot of crossover on DoubleUp itself. If you guys are on DoubleUp and we have a TGE portal and once you go ahead and click on that, we have a points campaign, right? campaign right so i guess this would be the most recent way that you know new users or just old
time users can farm additional allocation um just playing games or buying lottery tickets right but
if you were to play games you would be crossovering into uh the contest section as well right so uh i
would say that's probably the easiest and newest way is just interacting with the site.
You can win quite a bit from participating in our contest.
As Healthy mentioned, we're giving away over six figures in contests this month.
But yeah, just interacting with the site itself would get you some points.
And then participating in the lottery, which would get you some pre-sale tokens as
well and the opportunity to get over a million dollars because i think our grand prize is
a million thirty seven thousand last i checked uh and then also participate in the up ecosystem
i think um one one other thing to add is like it's still very enterable to join these contests.
We found a new player today, actually, who ended up winning 13,000 off of the site in Blackjack.
And now he is rank two on the leaderboard.
So in addition to winning the 13,000 USDC, he's also eligible for a 1.4K suite
if he maintains his position at the end of the month.
Let's go.
So for the people in the audience,
of course, gambler responsibly if you do,
but especially when it comes to, you know,
the airdrop side and the reward side.
Yeah, Mike, sorry, see your hand up.
Go ahead, before we throw it to you.
Yeah, no worries, brother.
I just wanted to add as well even for those that you know
may not want to partake
in the whole gaming
aspect of things just utilizing
the referral code itself is going to get you some
points and with
the referral system we have
you'll be getting points for
TGE specifically and with with every referral, you gain
10% of the person you referred volume. So regardless if they win or lose, you'll get 10%
of what they play forever, right? Some casinos may do like a month or 30 days, whatever the case
may be. But we don't have a cap on it so definitely
take advantage of the referral system as well because as i mentioned you're getting points for
tge and you can just win some uh you can have some money on the side amazing so you don't have to
play yourself necessarily to you can also refer friends so that's cool uh start right even i saw
you with your hand up so i'm'm going to throw it to you.
Then we go shift.
And then maybe Ashen,
if he has something to say.
But stop letting him.
Please feel free to go ahead.
Okay.
So we'll talk about gambling, betting.
We are talking about one of the narratives
of the last cycle.
That comes with also competition.
I want to know your opinion.
Has Sui, has this narrative when it comes to Sui?
Because if you look at gambling,
you need to compete with Pan Fam,
Media Market, Poly Market.
How do you see this niche going on Sui
and how WLAP was received by the community?
So I think the question is like, how are we competing in GambleFi in general that compares
the pump fund polymarket?
And then how does SWE feel?
Right?
Like how does SWE look in this?
So, okay.
So the first is GambleFi is a very competitive market. You guys are totally correct, but it's a completely different taste, right?
So people that like to gamble on like Baccarat, Blackjack,
all of those are not necessarily the people that will chase meme coins, right?
So it's a little bit of a different demographic.
And then polymarket are almost what we call like smart bettors.
So these smart betters
like really try to synthesize information these are the people that are more likely to compete
with perpetuals and you know taking a position on the market have very opinionated bets that like to
control the type of gaming here is just like we we want people to feel some joy we want people to
feel entertained for an hour it's kind of just what you do with a group of friends i think the best thing that i've done is you know put double up up on a tv
get 10 boys in the room and then we just play like 1k hands of blackjack and we split losses
and wins amongst the whole group it's a very social thing very casual thing i just want people
to feel the experience of a casino but online online, right? Like casinos have its own appetite.
It's completely separate from the crypto gaming experience right now.
Of course, like gaming will continue to evolve and we'll find new and creative ways to output content.
And that's always the name of the game.
It's like what type of content can you wrap in a different direction
that appeals to a large group of gamblers or people? So on our side, we really want to compete
in the social fi category and the social gambling aspect. I think that is the biggest bet for
innovation for DoubleUp. And then with the Sui side of things, see, Sui has always been its own self-contained
ecosystem. I think, as you can see from this chart this past week, Sui trades away from
some of the other things because everyone hated Sui when it launched. Everyone complained about
no airdrop, no community. Like Star Platinum, I saw that you were around for that time. I don't
know if you knew, but I was one of two Discord mods
that was managing the entire questing platform on SWE.
So I built quests personally between Quest 1, Quest 2, Quest 3 as well.
And I was one of the incentive engineers at SWE for growth.
So I took a lot of learnings from this,
and I got bombarded hundreds of messages a day about why aren't my points showing up?
You guys are scams.
SWE is a scam, all of this stuff.
And it's built so much resilience that I think that the community here is really tight knit and really stands strong together.
My opinion is that people on SWE will shit on each other, but we don't really.
You kind of see it.
It's almost like a silo away from some of
the other things. And because of this, I think SWE will find its own innovation. There was Kaito and
Kato or all of this. And then SWE recently launched its own GiveRep. We decided not to do
Kato and there's a huge thing running on GiveRep right now that's been going viral. It's been out
for like a week. I think we'll to see innovation um that is quite different from other chains um on suite because
it's possible to actually program on suite it's actually possible to truly make programmable money
which was what i thought the vision of terra luna was but that that's my goal i was a huge terrible
and i'm trying to recreate that same vision and cult on suite here minus the collapse let's go before i throw it to shift for his snack for his question sorry
i know i said i go to you but i have a quick one uh because double up also like aside from the
the gaming you also have like as you mentioned like the kind of some explosion on the meme
uh on the meme side how's kind of the meme coin landscape looking on on three
i think uh my personal take is that sweet is a meme coin but please this is a recorded space
um so i think so far the the the meme coin so far that you've seen, you've seen a couple winners.
There were a lot that happened with the AI narrative.
There were some small market cap coins there.
There hasn't been a really big runner besides the Lofi, which is still currently actively building and shipping.
Or what was the other one?
The Hippo.
There was a Hippo coin that was a fork of Sudang.
A bunch of coins have launched and bonded from our platform.
I think we've had like 15 coins bond,
but there hasn't been like a big community backing it.
And the reason I think is like deep trades like a meme coin.
All the ecosystem alts of SWE trades like meme coins at this point.
So I think you can just bet on
ecosystem beta and project beta and you're going to have way more success that way. Like the
protocol coins, bluefin, CDIS, all of these things are great investments. I apologize,
not investments, not financial advice, are great alternatives to any of these coins.
advice are great alternatives to any of these coins.
Love that.
I've got a question for you guys.
You guys have an NFT project as well, Double Up Citizens.
I've also pinned a thread kind of going over it, but I'd love to kind of hear it from you.
What does the NFT serve?
How are you looking to integrate that community into, obviously, your product?
Yeah, so this has been widely announced for a while um the nft citizens and the nft project
was kind of our initial bootstrap way to get community uh we thought we wanted to be like
sole casino bears we thought we wanted to be like rollbit bots um it has come to my decision and
this is alpha this is first time alpha that has not been released anywhere else right now.
The citizens collection is well known that it's going to get 2% of the up token as allocation.
However, to align on all of the marketing and basically all in on the up token, we're going to make it so that all the citizens based on rarity, will be able to be burnable for the up token directly.
You can burn the citizen and you will still get to keep the image itself
and the citizen itself, but it will then be sold down to your account
and you will no longer be able to transfer it or have any actions for it.
So this is how we're going to make citizens apart.
So you can always treat citizens as a one-way conversion
from the citizen itself into the up token at any point.
Amazing.
Let's go to, Ashen, I don't know if you have,
I have another one, but I don't know if you have any.
If you go, yes, you have.
Okay, Ashen, please.
Yeah, yeah. i have a pretty simple
question my question would be let's have a pretty good list of incentives like you guys giving away
like a hundred thousand dollars this month or a million dollars total and then if you turn in the
nft you get the token and then if you do the games you get the points my question would be after all
the farming and after the tge what not, but reasons would users have to stick around the platform like like like two years from now?
Because we see like TVL and users and stuff, they ramp up towards TGE with all the farming stuff and the NFT floor price was really, really high and stuff like that.
But then like seven months later, sadly, the market doesn't allow it to stick around.
Yeah, that's a great question, actually.
We've been trying to build for longevity, right?
Not necessarily everything that's happening right now.
That's why our token, the TGE, only a percentage of the supply will be dropped and will continuously run competition and continuously emit rewards in this way
to help incentivize users.
I don't think that you should only farm your users for one period or one airdrop or one big thing.
We're going to stream it almost as continuous rewards.
And the second thing is our rewards and our contests that we've been running for the past 10 months have always been in SWE.
It is not based in our token.
is not based in our token.
We want users to earn and win with the network as well.
We want users to earn and win with the network as well.
So we believe that we have a whole treasury of SWE
that we've been remitting out to players.
And that will always be an incentive
for people to stick on and show.
But incentives only go some type of way.
At the end of the day,
you just need to build a platform
that people really love to use.
And that's why we're like super user focused.
We're super VIP experience focused.
We want to make it socializable.
Like I want to make it so that you guys,
instead of driving to a casino,
do want to just play on Double Up
when you're playing with a group of friends.
Really try our live games experience.
It's huge.
Like the deposit withdrawals, immediate,
all of these things.
Yeah, I really don't think you can find another non-custodial version of like an iGaming platform.
Even with the ones that exist, you need to deposit and then you need to request to withdraw all of these.
They all have limits.
They all have whatever.
I think there is like very few platforms you can actually do a 300k coin flip.
And it's immediate.
It takes one second directly from your wallet.
Who's the audience for a 300k coin flip?
They've got to be some wild people.
That's you and Shiv, bro.
Your Pengu tokens.
I've seen this.
The biggest coin flip that has ever been done on our site is
250k and did he win no he lost it was i was the guy was martin galing like he was up he was up
400k on our site in in a week and i just saw him lose it all back i was like dang it was crazy
that's because doing a 250k flip and losing that's insane uh when it comes to
you know mention like and i think asian asked a great question and you gave a great answer when
it comes to you know building out the platform um having like people being users not because you
know of airdrop farming or of token farm but because they like it. When it comes to building it out further, I guess there's always something you can do.
Over the next 10 months, what's the priority for you?
Is it to add more games, to do something on the pump up side uh what's like the the priority
for the next for the next 10 months when it comes to specifically like building all the uh
all the platform further i think on the platform side the thing that we're we're focused on the
most is um the sports betting vaults so we really want to wrap sports betting and then some version of poker and these iGaming games
to really create like a full gamified ecosystem.
And then what comes after that is just marketing
and getting our distribution out more beyond just the SWI space.
So we have SWI, we love SWI,
but the goal is to get users from ETH, Solana, whatever.
We want to become the brand name for on-chain gaming.
How do you want to do it? By onboarding people to SWE or by adding more chains, supporting more stuff?
What do you think is the right?
The big thing that we've been working on is uh taking usdc deposits from
every single chain so we'll just bridge and credit them on sui as needed and then as long as we
confirm their transaction like actually running a gaming company has almost been more like building
out payments infrastructure um and we we're pretty close to that experience as well there's actually
something similar like this on on our site right now.
If you want to do exchange, you can deposit on Solana, Ethereum or Arbitrum and even Bitcoin
and you'll get back USDC or you'll get back Sui on Sui.
So we'll invest a lot more resources into that fashion.
And then the whole goal is we need to keep the experience transparent and fully on-chain, but also make it seamless to deposit from any chain.
With priority being on-chain, do you think you ever...
sides and it feels like priority for a lot of them has been to onboard non-crypto people as well
with fiat payments or account payments that are then converted into crypto automatically.
Is there something you think that makes sense for DoubleUp as well or is it not a priority because
we really have this on-chain crypto on-chain kind of crypto native focus
i think it's it's going to be a focus eventually but i think it's almost too far away like the original steps that i had made out uh when we created double up is to you know spend the first
year building on sweet get well known within sweet spend the next year building on crypto native
and and getting like the crypto native
circle and then we'll tackle the harder one which is going wide globally and across like
different locations and actually onboarding with fiat.
I think tackling once you start competing in that space you're not only competing with
double up or competing with like shuffle rollbit these sites but instead you're competing with like Shuffle, Rollbit, these sites. But instead you're competing with the DraftKings
and FanDuel of the world,
which is a great target to have,
but not quite there yet.
And I think we should at least win
in the crypto space first.
Yeah, that's probably a good idea
before you take on the big players.
No, thanks so much for coming on.
Great pitch.
Interesting product.
I haven't
used it yet but i will after uh after the show so thanks so much also thanks mike for for coming on
uh great pitch uh yeah was good to have you on thanks so much for having us on it's been great
let's go yeah appreciate it well thanks so much all that was our second pitch on the show
ladies and gentlemen we have one left
I'm going to pick two winners
for this free giveaway
for the people who liked and retweeted the space
right now
let's see who did it
okay we got
Jacob username forgotten
1, 2, 3, 5
it's our first winner.
And ready to fly, add deaconplayer underscore one is our second winner.
So I have two winners left, so you can still like and reach the space.
We're giving away some sweet to the audience.
Shift, do you notice how I learned to pronounce the name?
It's pretty good. I was pretty fast in learning how to pronounce audience. Shift, do you notice how I learned to pronounce the name? It's pretty good.
I was pretty fast in learning how to pronounce it.
Sui?
It doesn't sound right.
Okay, guys, context. In the back channels we're
debating currently right now,
if it's Sui or Sui.
There's some other odd ones in there, but we're going to
disregard those. I would argue Sui
almost
sounds better as Sui. I like to or the comment section SWE almost sounds better like as SUI.
Like I like to
I like to
or I start to like SWE.
So I'm going to
keep calling it
calling SWE.
How about this?
The comment section
let us know
is it SWE
like we
but with an S
in front of it
or SU
like you know
so I want to hear
from the comment section.
Drop it in the bottom
right corner
for the people of the audience.
All right, we have one
guest there for the people who are just joining us.
You're listening to WellTank on C3.
What it is,
we have interesting projects
coming on, interesting
apps, interesting people who
give an intro into what they're doing,
why you should care, and then we're going to jump into
an AMA session. We had on so far Bluefin and right now DoubleUp, and now we have another exciting guest,
Walrus, which I've been seeing all over the timeline in the past few weeks. So I'm really
excited to have them on. And I think Amir is the speaker here. So welcome to the show. How are you
doing? Hey, yeah, doing great to the show. How are you doing?
Hey, yeah, doing great. Doing great.
I appreciate you guys hosting this. It's been a great space so far.
Let's go. Let's start right here. Dude, we'd love to, for the people who don't know,
well, we've got an intro into what you guys are doing,
why people should care, what they can do, all that stuff.
So we're going to give you five minutes or less,
however much you need.
Yeah, yeah, let's get into it.
So yeah, as mentioned, hey, what's going on, everyone?
My name's Amir, lead up marketing for the Walrus Foundation.
Definitely excited to be here with everyone in the space.
So I'll look to break in a little bit more of what Walrus is,
why it was built, and really how it's reshaping the industry
around how we think about data and a broader data layer. So not really just how it's stored,
but really how it's used, owned, and then made available on chain. So a little bit of backstory
here at Mistin Labs. The broader vision is that we should be looking at more than just a blockchain.
It's more than that. It's more than just an L1. It's more broadly about rebuilding the internet itself. Mistin Labs originally started with SWE, giving devs a faster,
smarter foundation for computation. That's where Move comes in. But the understanding now is how
can we take that next step? Walrus provides that next step in offering a full data layer,
focusing on longer term storage, but then also data availability, and then making both of them
decentralized.
But also what's more important and interesting in my point of view is the programmability side.
So Walrus is built entirely on Suite, but it is also chain agnostic,
which I think is pretty under-realized, I would say.
Not only are you just focusing on Suite applications,
but one thing that is kind of unique about Walrus
is that it also has a broader ecosystem of projects like Lanara, Plume, others that go beyond just the SWE ecosystem where you're focusing more on broader Web3 data layers instead of just within the SWE ecosystem.
So with that, it was only actually launched a few weeks ago, launched on Mainnet I think around March 27th-ish.
So it's been about a month now, but already a pretty sizable amount of momentum.
And I think there's a lot of belief in the idea of what we're doing. We recently did close a
fundraising round of, I think, around $140 million. And there's just a lot of general
belief on the idea that, yes, data slash a data layer is that next step, and there's a lot more
that we can do in terms of how we can get smarter and then think about being a bit more programmable
in how we think about data and how it's used. So when I say a lot of that,
I do want to unpack that a bit more of what that means.
So most people would still look at storage slash data
and look at it a bit more passively.
You know, you upload something, you forget about it.
It just kind of collects dust on a shelf.
Walrus is very much focused on the idea
of changing that perspective.
So on Walrus, your data is more of a powerful resource, I would say. It's
used as an input in smart contracts. It gates access to it with NFTs. There's the ability to
trade ownership related to data. There's a lot more capabilities, frankly, that are being brought
in around how you can use your data. And it's really a new way of thinking about how data can
really unlock new capabilities on chain. Right now, if you're a builder, I'd imagine the usual experience that people are making
the decision around is, okay, I have two options here.
I can either leverage centralized solutions like an AWS, a Google Cloud, which are great
from a performance perspective, but again, it sacrifices some of the principles that
we all are here and believe in around ownership, composability, security, all things that are sacrificed
by relying on more of a centralized solution.
Separately, you have the other option
of some of the more legacy decentralized storage solutions.
Think your Filecoin, your RWE, your IPFS.
Like they're great in terms of taking that step
towards thinking more around decentralization and ownership,
but they do struggle in terms of more of the speed,
cost, and then predictability, which naturally you can imagine are pretty challenging if you're
thinking about not only a short-term solution, but a longer-term business model. So Walrus is
definitely focused on a lot of the performance metrics, focuses on speed, cost predictability,
but also just the native tie-in directly with SWE. You do get to capitalize on a lot of what was
mentioned around, I guess, two years of maturity of what SWE, you do get to capitalize on a lot of what was mentioned
around, I guess, two years of maturity
of what SWE has been building
related to performance and composability.
And then finally, it's, again,
this direct connection allows you to really lean
into the idea of making data both smart
and then active, tying in components
related to encryption, access controls, et cetera,
in terms of new capabilities you can bring
to how your data is used.
And I mentioned access crawls and encryption.
There is a broader development
that's been happening recently
and only being really live for about a month.
We've also launched in parallel SEAL.
SEAL is kind of that decentralized secret management layer,
I guess we could call it,
but really it's bringing encryption
and bringing access rights directly
to how builders can expand what's possible. You're able to protect user data,
you can access and control content, creating segmentation between users, and then even enable
kind of secret messaging and time-locked asset transfer. So you're adding a lot of capabilities
of how this data is used and how you can segment users, things that would naturally tie in pretty
closely with some of the earlier conversations that were happening with the previous speakers here.
All powered by on-chain, no custom infrastructure required. So even in the short period of time that
we've been live, I think we've had a sizable amount of builders that are starting to tap
into this. We've seen pretty cool early traction. A lot of IP providers, I think, have really tied in here.
Klinosaurus is an example. Unchained Media is an example. One Championship, et cetera. A lot of the bigger IP players. But also, you know, Walrus has seen pretty sizable adoption across all use
cases. I think there's a broader question across this whole industry on how do we want to do more
with data and think about the data layer. And so there's a lot of applicability across the whole industry. So I know I said a lot, I do want to just broadly summarize, big picture, SWE is really
giving you a lot in terms of the computation layer. Walrus is that next step, giving you a
focus on the data layer. And collectively, a lot of the narrative that we're leaning into more
broadly with MISD and labs is how we decentralize the whole stack. This allows us to push the industry forward and think about how all the tech pieces come
together.
So it's not just about one piece.
It's not just about a blockchain.
It's more broadly about rebuilding the internet and definitely excited to see Walrus help
in providing that next step and providing the right tech stack for builders to go beyond
moments in time, but rather longer term dynamic business
models for the future.
So definitely excited to be able to dig into this a little bit more.
And if anyone out there is a builder in the NFT, DeFi, gaming, media, whatever it is,
use case doesn't even matter.
Walrus definitely has an opportunity to play a role in terms of how you think about how
data is used, how you interact with your customers, your users.
Always an opportunity there.
But yeah, happy to dig into Q&A too.
Let's go.
Great pitch.
Thanks so much.
By the way, also, since you're head of marketing, right?
Yeah, yeah, that's right.
That's right.
Background, I actually was on the suite team originally, but now I uh happily and very much involved in the walrus
um growth launch and just more familiarity with uh the next protocol yeah you did a great job
on the marketing so i i saw clemente running around like with his walrus uh walrus costume
uh like it was all the time and a few a few weeks ago so that was 100 No, I love that you caught that. Yeah, that was amazing.
And on that note, you had like your TG as well, I think one month ago, something like that?
Yeah, Mainnet went live slash TG happened end of March.
So still relatively fresh, especially compared to the maturity of these projects here.
But yeah, we've been alive for about a month.
How has your experience been?
Because I think one month ago, so right now we're looking good again.
Like Marcus recovered a lot.
Swee, I'm sorry, not Swee.
Swee is probably like crazy in the last seven days.
But I think when you had your TG one month ago,
it was probably like not the best environment for what people would say.
But token has held up pretty well during the last month I checked this morning.
So how has your experience been with TG?
I guess it's been in the making for a while.
The market looks like not so well, but now it's looking like it's recovering again.
What's kind of your take on the environment and your experience also with launching a token during that?
Yeah, I mean, I think I've been around the industry.
For context, I originally joined the Web3 space around, I think, 2015, late 2015.
So I've definitely seen the ups and downs of the cycle.
You see a lot of people come in and out.
But I guess this is really where the broader whole story of decentralizing the whole stack and the mission
in which we're trying to get to
and the connection points with what's already being built,
with what's being already added.
So when you're able to lean more into a narrative,
when you can connect the dots a little bit more for builders,
and when you're providing something
that feels less like just infrastructure,
which let's be honest, isn't the most exciting thing,
but you can tell a broader story
of what you're trying to unlock here. I think that's where it was really helpful,
where like SWE already has a lot more of the maturation within the ecosystem and connecting
the dots there, as well as showing the capabilities even beyond SWE. I think that narrative and the
storytelling and just like the broader vision and something that we can continue to lean into more
is something I think that really helped us,
regardless of what the environment is.
It's broader focus on the technology
versus just the TGE itself.
Amazing.
Okay, all right.
We'll throw it to Ashen as his hand up for a while,
then shift, and then stop letting him
if he has to take his role.
But Ashen, as he would it up, please go ahead.
What's up, what's up?
Yeah, I had a question about your partnership with Klanosaurs
and like you mentioned with other DeFi and NFT projects.
How exactly does that work?
Like, are you guys, and maybe this is a broader question
for how exactly storage itself works,
but what exactly are you guys doing for Klanosaurs or other related NFT projects?
Yeah, I mean, I would say it's incremental.
So, I mean, if people remember back, and I feel like a lot of people here have been around for also a few years, there was a lot of original challenges related to the whole NFT boom that happened in 21, where everyone was very excited around this idea of ownership like this idea of
what you could do with actually having these digital assets like representation of different
types of creatives um all of that was like a part of what happened in 21 however there was just
limiting factors where when people actually looked under the hood they realized that there was this
underlying off-chain aws usually driven solution that was owning a lot of this so when people were
saying hey look at my nft that own, in reality, there was a
substantial amount of risk that came where, like, for all they knew, one day, like, they
could just have a 404 error that showed up and all of a sudden, poof.
Like, even if, like, that data maybe existed in a centralized server, you really don't
have a lot of control in terms of your ability to continuously own, visualize, expand on
what you can do there.
So first, even just WoW as an on-chain storage solution remediates against a lot of control in terms of your ability to continuously own, visualize, expand on what you can do there. So first, even just WoW as an on-chain storage solution remediates against a
lot of that, right? You have the ability to have a lot more consistency and visibility and trust
in the idea that your assets are always available. So projects like Klanosaurus and others in the
NFT slash IP space, first and foremost, solve that problem of knowing that, you know, as they
continue to build their brand, as they continue to work on expanding how they engage with their communities, knowing
that those assets are always available is like a first step there. However, where there's additional
opportunities on the NFT side is, okay, how do I start tailoring experiences with my community?
How can I bring forward SWE, Walrus, SEAL together to create more dynamic and customizable experiences?
That's really where the next steps are.
And when I say SEAL as an example, that's just one of the many pieces that will come in the future where you can add more and more capabilities around how you engage with your community and the experiences that you have, where you can start thinking more about the long term of how I engage
with my community, the commerce side of things, the community building side of things, those just
become a lot more technologically real. So to answer your question, first and foremost, it's
just around the idea of offsetting this risk of a 404 error and just being a little bit more
intentional around anchoring on trust and reliability that your data is always there.
But second, it's a launchpad for us to be able to
really curate a lot of new experiences
for some of the strongest IP
to think about how to go even further
and how they engage with their communities.
That was a great question, Ashton,
because, I mean, I don't know if you saw,
but yesterday, CloneX images kind of went blank.
Yeah, I saw.
Yeah, so that's great. so that's something they could have rendered when with if they would have worked with walrus because i think they lose they
used cloud cloudflare i don't know what the name was and for people who don't know yesterday uh
clonex selection like a big nft collection on eve uh their images went like blank for
i don't know for a few hours uh and it was because i guess there was some problem with the
with their payment plan for yeah um their data provider i'm glad you bring that up i think it
is something where you know traditionally and it's the same with like a lot of the early narratives
related to blockchain it was always like okay like there's this situation that might happen and things might go wrong, but like how realistic, like how common is something
like this to happen? Like, does it take like a world ending time of event for like all of this
to happen? No, like we're seeing this actually happens on a more regular basis. Like this is
something that is pretty relevant where like the failure, the center, the failure point is not some
behemoth legacy exclusively. There are other components within
the, excuse me, data layer where there's a lot of vulnerabilities that can happen more regular
than we realize. So for something as valuable as like, you know, the assets that we own,
the art that we collect, any sort of thing that you're representing in some capacity of ownership,
knowing that there is a non-zero chance of something like that
getting disrupted and lost, it is a lot more real than people realize.
Yeah, I think a lot of people realized it yesterday because it was such a famous collection.
A lot of people said, you know, Bitcoin ordinals are the solution because they're on the on-chain.
Bitcoin ordinal solution
because they're on
the on-chain but it's great to hear that
you know there's also like a
way for ETH or Solana
projects to add like
more security on that I think that's
important because as you said
it's a risk vector
especially like for
collections
don't have like
directly on chain
that's good too
yeah and one other thing I'll just add on top of that
is that like you know we talk about what is probably
the most relatable use case amongst this group
here around the NFT side of things
just because naturally you know we all tie into the community
we all have affinities etc
but you know as we think about more
and more capabilities like this is
audience agnostic in a sense like this could be for the. This could be just as much for the enterprise, for the institution. Like there are capabilities and Seal and others are providing the guarantees necessary to support broader and bigger audiences and giving something that's a lot more practical in terms of their obligations to how they engage around privacy and other things too
like we are building for not just the individual and the smaller use case but also to be prepared
for the bigger ones as well love it yeah i i agree i think a lot of stuff that we see kind of in
uh for us like in the nft space um can be like applied like to crypto, even beyond crypto use cases that make a lot of sense.
So I like that. Thanks for bringing it up, Ash. It was a great question, a great point.
So I want to go to Shiv and then stop. Let me know if we still have time.
I think you guys have done an incredible job. I think the Lion Friends announcement was amazing.
I know recently we did that over at Pudgy Penguins.
And it's a great way of definitely making
what is crypto frictionless step by step.
And I think I love the way that you guys are doing
when it comes to doing more with your data.
I think a lot of the questions,
a lot of the points have been answered.
Kind of just curious to know more about your data. I think a lot of the questions, a lot of the points have been answered. Kind of just curious to know more about your IP. And that is being a walrus.
Why a walrus? I love the question. You know, it's really interesting because originally,
you know, storage in itself and like the ability to store at mass is something that there's more of a direct connection to Walrus than the idea of, you know,
the scope of what you can cover here.
First, this is not just like your small bits
that were traditionally either like text files,
like that were exclusively tried to be stored on AL1.
This is bigger than that.
Like this is big assets.
This is media files.
This is videos.
Like this is AI models.
Like the substance and the depth
of what's able to be stored and
interacted with ties pretty heavily to the idea of, you know, blob storage, like size, like the
size of the walrus specifically. So there's like optical connections, as well as, you know, there's
a little bit fun for anyone here that's a builder slash a developer and mapping to the idea of a
blob specifically being a unit of storage. So there's some fun in play here, but again,
I think the bigger takeaway, the thing that I'm most excited
about, is the expansion in
types of assets, and the magnitude of that,
and what better way to represent that
than a blubber-filled animal
like a walrus.
You know,
a lot of comment when it comes to
a pudgy penguin and a walrus, so
it makes sense, makes sense. It makes sense.
Also, I don't know if you guys know.
I know you guys know.
But we have some events happening during Tokyo 2049.
And Walrus is a partner.
So if you guys are in Dubai, make sure to come through the events.
I'd love to see you guys.
I'd love to chop it up and obviously talk about everything around Walrus, Pudgies, and more.
Yeah. Now, I'm glad you brought that up.
So we do have Sweet Base Camp is coming along.
Walrus will definitely be a sizable part of that.
And then also, as mentioned, with some of the other surrounding events,
we'll definitely have our hands full.
We're looking to meeting as many people as possible
and really sharing a lot of these stories.
And being able to go to events like the Pudgie one,
I personally know there'll be a great opportunity to really not only visualize the brands together, but also do a bit more storytelling.
Let's go. Sounds good. I don't know, Stublin, if you have a question. I won't put you on the spot. When you host these spaces and you have people on the panel and you give them the audio to
say, sometimes they don't have anything to say and then it's weird.
But yeah, you have your hand up.
So I will go to you in a second.
I have one more question for Amir.
When it comes to any alpha, any hints he can give us, maybe exclusively to what's coming up.
Shiv, you already mentioned that just kind of Web3 game,
on-chain Web3 game coming up,
powered by WorldWords together with LineFriends.
Is there anything else that people can look forward to
for the next few weeks, months,
that you are personally excited about?
Maybe from a marketing perspective,
anything you are personally excited about, maybe from a marketing perspective, anything you are looking forward to in the near future?
Yeah, I would say that first, we have a sizable amount of partnerships that are coming.
As I already mentioned, there's tie-in with some major IP players,
with already having traction around Lion and others.
That will continue to be a process.
I think there's been a pretty solid connection
in terms of NFTs as a great use case
to explore on-chain storage.
But also, as it relates,
going back to this whole idea
of doing more with your data and programmability,
that comes with adding more and more capabilities.
So right now, SEAL is in test net.
We will look to continue to progress that further.
And we have a few other developments
that will just continue to come along
in terms of more capabilities that we can do.
So I would say those are the two angles.
So yeah, keep an eye out for like more IP players
and then also keep an eye out for progression of SEAL
and then other, I guess, products slash capabilities
that come along to only further amplify
what you can do with your data.
There's a go. Speaking of IP, stop by doing one more question.
I saw some rumors on the timeline about Pokemon doing something with SWE.
Anything you can share to confirm or deny that there is something coming up?
Nah, unfortunately, I can't speak to that one.
But I think you'll just see more broadly that as SWE grows, as Walrus grows, the announcements and whatnot will only just continue to get bigger and better as people start to realize what you can do with a really high engine SWE ecosystem.
Let's go. Excited to see it. Stop letting him, I will give you the opportunity to ask maybe the last question of the space. So I hope it's a good one.
Let's go ahead.
Well, my question was kind of related to the Pokemon thing too.
But, okay, I want to ask.
We talk about IPs on Zoom Network.
We can now consider Warlords one of the biggest.
We also have the Studio Mirai, for example, also for the Poof.
How do you think ips are going to
evolve into sui network and why do you think a big name like pokemon choose in the case that
they really choose sui network has the chain to go with nfts what was the reason and why do you
think they did that yeah so can't can't speak and mention anything related to Pokemon.
I just don't have enough to say there.
But what I would say is more broadly, let's talk about enterprises and more broadly businesses.
We have a lot of builders in this call.
And a lot of people are thinking more about the long term.
How can I interact with my consumers?
How can I evolve my relationship with consumers?
How can I think about loyalty
programs? Whatever it may be. There are a lot of things here that have a dynamic, composable
component to it. And that really is the superpower of SWE and Walrus together is composable,
dynamic experiences evolving with your consumer, growing with your consumer, growing your consumer
relationship as the app becomes more successful. that is something where there's a real superpower there.
So when we think about whether it's an individual indie builder
or an established enterprise,
they have a real ability to, frankly, evolve their relationship
with their audience in a way that they probably weren't able to do before
in the traditional Web3 space.
Amazing.
Stop letting them...
Oh, yeah.
I thought you were muted.
Thank you, Stop Lennon, for the question.
Thank you, Emil, for the answer.
Super interesting.
I think especially, you know, on the NFT side, I think yesterday we saw, like, a really,
really good use case and why it's important what you're doing at Walrus.
So I hope we'll see more projects on that side
going into that direction.
You said it.
Yeah, sorry, go ahead.
No, 100%.
No, I'll just say keep an eye out for additional pieces
as everything now anchors around this idea
of decentralizing the whole stack.
So at this point, it's just a matter of adding all the pieces to make that possible.
Let's go.
It feels like the pieces are kind of falling or coming together.
As I mentioned, it was a big week for SWE tokens up tremendously.
For top tokens, it's like really unusual weekly movement.
Let me check again.
I think it's almost 60% this week, right?
60% up from 2% to, I think, 3.5% now, 3.6%. Yeah, so crazy.
Almost 70% the token up this week.
So insane movement was a great time for the space.
Amir, thanks so much for
coming on, for giving us an intro
into Walrus. Big fan
and hope you continue to crush it.
Sounds good. Yeah, for everyone that's going to be
in Dubai, I'll see you guys at base camp, but otherwise
we'll be pretty active throughout the summer. So, looking forward to
seeing people in person. Let's go.
You'll definitely see Shiv. He is in Dubai.
Hell yeah. I won't be in
Dubai, but maybe next year.
That's the cap.
Yeah, I promise Shiv.
Yeah, Shiv and I will take a selfie
together to make you jealous.
Whale doesn't do events. He doesn't go anywhere.
No. Okay, well, we'll make it
fun just to make him jealous. Let's go.
Yeah, I'm done. I'll be there too.
Hell yeah. Let's go. I'm looking forward to make him jealous. Let's go. Yeah, I'm done. I'll be there too. Hell yeah. Let's go. I'm looking
forward to see the pictures.
So thank you, Amir, for coming on.
It was great to have you on.
Thanks, everyone, for tuning in.
It's already our third
pitch today with two more
winners to announce for our SWE
giveaway.
Let's see.
Shiv, do you want to pick two winners
from the people who'd like to reach you this space
I picked the first one
100%
so while you do
I'm not going to be picking from the
like or tweets I'm going to be picking from the comment
section
so I'm going to be scrolling through that
give me a second I'm looking for
some good comments yeah look, look for them.
I will give a thank you again to our speakers today.
We had Amadon from Bluefin who gave us an intro
into what they're doing.
One of the biggest builders on Suisse.
It was great to have them on.
We had Mike.
I'm sorry, I forgot the name of the co-founder.
What was his name, Mike?
Help me.
Who was speaking on the DoubleUp account?
Healthy.
Yeah, of course.
I really remember the name, so I don't know why I forgot it.
So we got Healthy and Mike from DoubleUp giving us an intro
into what they are doing on the GambleFi site
with a token coming up where you can farm.
Also just by doing like the referrals and stuff on their platform.
And our last speaker was Amir for Walrus,
who are doing really important work.
We saw that yesterday, of course, just such a small part of what they're doing,
but an important part we saw that with the whole CloneX stuff yesterday.
So thanks to all our speakers.
Of course, also thanks to Ashen
and Stop Lettingham for coming on
as kind of guest judges,
guest whales, what we call them.
So it was great to have you guys on.
Shiv, thanks for co-hosting.
And do we have our last two winners?
Yes, we do.
First one being Punky.
Dropped a Lofi NFT
in the comment section down below.
It has always been someone
who's been part of the SUI ecosystem for a while.
I'm kind of mad I missed the mint.
I'm not going to lie,
but it happens every time when I'm traveling.
I always miss something.
So I'm going to choose you.
And I'm also going to pick NY2stopian.
He said, I don't know much about Sui,
but I appreciate the knowledge of everyone on the stage.
I think this would be a great way for you to get to the ecosystem.
I really appreciate, obviously, you tuning in,
obviously learning more from the chats up on stage.
So Punky, DME, and I'm going to also get that as well.
And obviously NY.
Let's go.
So for all the four winners, DME your SWE address.
Yeah, DME or DMShift.
Yeah, no DME, DME.
I will have to listen to the recording to get all the names right.
So I'm sure you're actually a winner.
But yeah, if you want, if I said,
or Shiv said your name during the space DME
and we'll get you sorted.
For everyone else in the audience,
thanks so much for tuning in.
That was Whale Tank on Sui.
We will be back soon.
So thanks everyone for tuning in.
Thanks for Sui for doing this together with us.
Really exciting times on Sui.
So excited to see what they're cooking in the next few weeks and months.
So thanks everyone for tuning in.
We'll be back soon.
Bye-bye.
See you guys.
