What is bitsCrunch and DYOR with NFTs

Recorded: Feb. 22, 2024 Duration: 0:24:41

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What's going on everybody welcome welcome welcome we are going to be
Starting up the spaces in a couple minutes here. We'll just
Waiting for a few more people to join, but I'm excited to have VJ on here today
founder of bits crunch
really an awesome platform for NFT research and
Understanding a little bit more about where you're investing in or at least getting some more metrics on what you're investing in before you invest
In that so we're gonna be diving into all things bits crunch including
the B cut token
Really gonna be curious and jamming with VJ about how all that integrates into the ecosystem
But let's hang out for a couple more minutes, and we'll we'll get this party started
Alright well
Can't seem to figure out how to turn the music back on so we might as well just get started with this party VJ
How's it going, man?
It's it's going really well. Thanks. Thanks, Mike. How are you? How are things and everything's good over here?
Market started to heat back up, so that's been fun
definitely been
exciting couple months and
Having's coming up here pretty soon as well
Opening I'm hoping we're off to the races man. It's kind of what I'm hoping
Yeah, absolutely market is slowly popping up and some of the tokens some of the narratives are going crazy like like for instance AI tokens and
For sure. We did a great launch as well
Yeah, looking forward to the halving and and also the things to come
same same brother I
I'm stoked to jam with you today, man. We've been collabing for a minute now and
This week was a really big week for you guys you guys launch token
Everything seemed to launch really well and go well. It's really exciting stuff
But for people that aren't aware and people that might be listening now or or or later because this is recorded
Tell me a little bit about bits crunch man. Give me a little introduction. What are you guys doing?
What are you guys working on building, etc?
Yeah, sure so bits crunch I mean we are
an NFT police in short
So we are into NFT analytics and forensics
Where we look into the good and the bad when it comes to the NFT space and not just the NFTs
We started with NFTs as a space, but then we are moving
Beyond NFTs so to the other digital assets
ERC 20 tokens and so on
So yeah excited to to be in such a position now where we have raised
More than eight million dollars from VCs and an additional four million dollars from a coin list community sale
Which in fact is one of the fastest ever sale on coin list history
That's awesome congratulations
Yeah, it's been fun and exciting to watch and
I've been actually using your platform and hinged up here and I are roommates and
He was on on your site. I
believe the Unleashed NFT section of it and
Really some interesting stuff man. I thought we were studying projects and seeing
Which ones were getting picked up etc etc and volume based a couple weeks later
A lot of those projects are doing really really well. So it's it's a whole new tool for for my
my tool belt
Yeah, absolutely, I mean not just you have we have more than 300,000 users and we are not
in a bull yet and
We expect to probably double it up or even five six times the current market
Which would be probably one and a half two million users every month
looking forward to educate more people to pick wise NFT investments before they they opt for one and
Yeah, that's that's where the key lies, right? I mean we want to protect the ecosystem ultimately
we want a visualize and Michaels and and why buffs to
Get into the NFT space in a more safer and a simpler way
That's awesome and I love it
How does the B cut token play into all of this, you know, you guys launched that this week and
Tell me about how it kind of integrates with everything else that you're building
Hi. Yeah, the big it is shaping up. Well, we
launched a couple of days back across
six different
Exchanges one of the few top ones in the market to name a few we launched it on by bit
who coin gate crypto comm and and coin list pro and then
We launched on to a couple of DEX's uniswap Ethereum and uniswap polygon as well
And yeah, we briefly touched
500 million twice on on day one
which is obviously as a real feeling because for a company that is two and a half years old and
Still still on the way to conquer the three space for us to reach that
Find that mill mark a couple of times was was a real feel and now we are
consolidating around
300 350 mill mark, which is again really good one because we are again just reiterating
We are two and a half three years old and and for us, it's it obviously makes
Makes us all proud as a British to the team British to the investors community and
Yeah, things things will shape up and just a reminder. We just started
So it's a new journey a new beginning and a lot more to come
It's awesome BJ congratulations, it's a
Big start really fun stuff
Maybe you could give our audience a little bit of a rundown of some of the different information and
Statistics that they can analyze and find when using unleashed NFTs and some of your other products
Yeah, sure. So I mean we we did a testnet where just to give you an insight there were
565 million
Data queries were processed on bits crunch premises. So that's literally half a billion, right and and
That's what we are capable of handling in terms of load and then for layman
Let's say for which eyes and Michaels what we do is if you are planning to buy an NFT we look into the
negative side of it or the dark side of it by that
I mean we look if an asset is real or fake right and in this open market in this permissionless environment
It's easy to make a copy of whatever you wish right so that the the display picture the PFP that you have right now
can actually be copied and it can be
pasted on
other marketplace or any other chain, so that's what we
Notify the brands. So we help brands prevent their IP
That's one and we look into the money laundering aspect coming into the digital asset space
because we obviously know the OFAC wallets the OFAC wallets by the US government and
and we look into those wallets into 10 levels, so we go from
Level 1 to level 2 where the money has been ceded
So we look into all these factors and we inform the marketplaces about
restricting some of the wallets, right and then that's that's something about what we do and
Another thing is we also look into the watch trading. So sometimes people
Inflate an NFT just by trading it back and forth right at the end of the day people don't know who is
Function who is Vijay they simply see the transaction. They simply see the volume at the end of the day
And and if we decide to pump any token if we decide to watch trade it back and forth
It is well and truly possible. So we use AI artificial intelligence
to find out all these malicious patterns the
Abnormal patterns that is that are happening on the blockchain and we notify the end users
We notify the Vijay's and the vibes of the world. So yeah in short like I said before we are like the police of NFTs
That's awesome, man. Yeah, I think one of the
Most useful tools that I found on your site was
Like studying the unique buyers and how much volume those unique buyers are creating
Yeah, it's definitely a super
Super useful tool when I'm trying to analyze especially like new collections, you know this and we're not even in a full bull market yet
Unhinged and I were on there the other day and we were studying the that's us
That's actually why I have my PFP Vijay. We were looking at
Unleashed NFT we saw like a whole bunch of people buying these nobody NFTs
And there was like what I think like 10 or 15 million dollars of volume and a couple days or something like that
And unhinged and I looked at them. We liked liked what we saw did some more research on it
With my bought one now. It's my PFP
so it's definitely a fun fun tool to be able to play around with and
adds like a level a whole a new level of
dynamics to
What I'm doing with NFTs and making decisions with NFTs and shit like that, so it's really cool, man
I'm excited about it
Great and great to know that you picked something up from the platform
Based on the analytics and the forensics we provide and this is exactly what we wanted to do, right?
I mean right now we are not even in the bull and sometimes in the bull
That could be thousands of collections that gets launched even in a day, right?
People from from wherever they are people from US, Canada, Australia
India wherever they are and sometimes you don't even know where they are from right so people launch collections in a
in a beast mode and then a lot of people ape into it and
and that's where people sort of
FOMO in and sometimes they they get ruck pulled they get
They lose a lot of money. That's exactly what we want to prevent we want to protect
So we look into the former collections previous collections the history of a particular wallet deploying a contract deploying an NFT collection
Just to give a heads up just to give a notification that this is already a scammer wallet
Please don't get into any model with this collection because sort of like a flagging
Any collection before even they they sort of start trading. That's exactly what we want to provide and we are
Working with some of the best brands in the world, right? We work with MasterCard for instance
We were another web 3 graduates of
Master start path program
from MasterCard to New York and
Then we recently graduated from EY Ernst and young with three program from Frankfurt Germany
So these big names these big companies they want to know what's going on in the digital asset space, right?
So all of a sudden they they come into this Twitter or they come into this space
You see a lot of PFPs PFPs, right? I mean you have a PFP and hinged has one
My key there is fantastic. There is trader and edit on this spaces
They all you all seem to have a PFP, right?
And and that's one of the reasons why they in fact bought one right? I mean visa bought a punk
Correct me if I am wrong
Visa bought one and MasterCard. They also bought an NFT I guess in the last pool
So they are slowly looking into this digital asset space because it's already a billion dollar market, right?
it's it's a billion more than a billion dollar market and they want to ape into it by integrating their payment gateways and
In the near future what I expect us to buy an NFT
You might have several options several payment options that you can buy it with metamask
You can buy it with MasterCard visa PayPal stripe or whatever and that's when if somebody tries to buy an NFT
We might be able to give a notification directly to the user. It's more like a credit card
Notification where you you get an alert, right?
That's awesome, I love that
Super curious what the future holds for bits crunch. I know you were saying in the beginning of our spaces that
You guys are talking about doing token integrations and other stuff like that
Yeah, I'm curious
What is what is the future holder? What can you tell us, you know, are you gonna go multi-chain?
What's what's kind of thoughts there?
We are already multi-chain in terms of NFTs, but yeah, like I said before we want to expand
To the broader ecosystem to the ERC 20s and the Solana
Tokens of the world where we would love to see the foreign six piece
I mean just just what chain analysis is doing right now is what bits crunch is trying to do
But in a decentralized way, right? So today I'm sure
Mike's and and
Sell acquires here who are listening. I'm not sure if they can actually contact those
Chain analysis and elliptics of the world and even if they do
I'm sure they might have to pay a hefty fees, right?
They might have to pay 25 30,000 bucks a year to get analytics and forensics and this is what we want to simplify
So just with the the connection of wallet they can actually get into this they can see the analytics
They can see the forensics and they can make a purchase decision. I guess it's like a
Trading view for web 3 right? So today we don't have such platform
Where where you don't have a platform that that's similar to trading view in web 2
That's exactly what we want to build and and remember we are just two and a half years old
Google is Google because they are in the business for three four decades easily, right?
Same with Apple Apple is not an overnight success
They have been smashing in the space for three four decades and for us
We are a long-term data infrastructure player and I'm I'm pretty sure
We will be right up there when it comes to infrastructure projects in the future
That's awesome
Fuck yeah, are you what chains are you currently?
supporting specifically for NFTs
So for NFTs, we currently support for chains ethereum
polygon avalanche and the Binance
I mean pretty much all the major EVMs out there and then we are
Almost there when it comes to Solana. It's it's a beast
I mean I say almost and in some of my previous calls as well as previous spaces as well
Solana is a different experience. It's not EVM. It's it's a non-evm chain and and obviously the volume is
Massive, right?
after indexing Solana then then obviously we will have a skeleton or a roadmap for other non EVMs as well and
Beyond Solana, we are also indexing BRC 20 the ordinals and the inscriptions. That's that's also gaining popularity
Also immutable X so we want to focus on gaming analytics and forensics
So we can actually provide
Which wallets are playing which sort of games are they into action games are they into?
Adventure games. How long do they play? So these are informations that web to world can easily give right can can easily get
but again in web to what Sony games are
The data from the Sony games. They are not interoperable to
Microsoft games the games on the Microsoft
But in web 3 that's the beauty right anybody
can track any wallet that is on chain, which if it is a blockchain public blockchain and
This is actually going to be a real good insight for some of the web 3 games that are coming up, right?
So we can actually tell people
Which particular wallet is playing what sort of game and and how long are they playing how many assets they bought on?
Particular chain or they more eat friendly or they more Solana friendly these sorts of information is is something that we can easily cook
That's awesome, I know the the ordinal space has been growing
rapidly over the last six months is that a
A thought process with you guys in your team. Is that something you guys might potentially add onto the platform in the future?
Yes, it's obviously yes
That's something that we are having a close eye on because whenever there is there's a steam that picks up
We obviously want to a pin, right?
Aping in is is obviously there the term that we also follow since we are into NFTs
So closely looking into ordinals inscriptions. We would want to index them as soon as possible
We are almost there on that and the community can expect
insights on to different chains
Because we were busy with the launch busy with the listing for the last couple of months since the beginning of the year
And now that we have launched
People can see that now we want to focus on other areas where we can scale where we can expand
So for sure. Yeah, the community can expect some amazing things from bitch cringe in the coming years to come
Fuck yeah, man, that's awesome. I
I'm super excited about it. I'm especially excited about the addition of Solana
as you know, I'm pretty deep in on the Solana side of things and I'll be
That'll be a tool. I'll be using a fucked on
In this a lot of space so that'll be really exciting and fun
I'm stoked to play around with that whenever you guys plan to launch it
Yeah, we'll keep you posted and obviously major announcements or
Will will follow or it to come right listing is not the end of the road a lot of people
figure out the listing they launched a token and then they
Instead of figure out the way to add utility to the token, but as opposed to that route
We did a launch where the utility was there on day one, right? People started delegating tokens
And then if you go by the numbers today
people have
delegated
More than what let me give you the exact number
476 people have delegated their tokens on to bits crunch, right?
This is what we mean by bits crunch utility token be cut, right? So yeah
Looking forward. It's just a couple of days. Almost 500 people have staked their token. So we had actually stoked
for the future
Dude that's awesome man. Well, I know you're a busy guy and
We've been running for like 25 minutes now. So I figured
I'm kind of wrap it up with some final thoughts if there's anything else you want to let people know
about bits crunch specifically and what you guys are working on and
Let's just plug it right here and then you can kind of wrap up the space and again, man
Thanks for spending the time to come on and jump on and share a little bit more about
the platform
Yeah, sure. Thanks. Thanks again for having me here
function and
Always been a pleasure talking to you guys and for people who want to follow bits crunch
Yes, Twitter is the best place and then obviously if you want a chat room, then discord would be the best place
So yeah, we have been crushing we have been building
infrastructure for the space to clean up the space to give more clarity and
transparency to the space
For the community and by the community. So looking forward to what the future holds
Thanks a lot
Thank you. Vijay. I appreciate it
and everybody else
Don't forget to go follow Vijay. Go follow bits crunch. It's in his bio play around with
their awesome tool and
yeah, hit him up or hit me up if you got any questions, I'd be happy to
help help support the
the spreading of
some more tools to
Get better at NFT trading and all that good stuff. But um
Again, Vijay. Thank you for coming on. Appreciate you for spending your time out with us today and
We'll talk soon
Yep, thanks