hey everyone welcome to another episode of x talks just a quick sound check before we
kick this one off can you guys hear me yeah awesome let's give it a minute or two for everyone
to jump in and we'll kick this one off in a few minutes sounds great awesome I hope everyone's
as excited as we are always excited to talk about me points I guess a peak degeneracy is
in all of our bloods all right I guess we'll kick this one off so welcome everyone to another
episode of x talks good morning good afternoon good evening everyone just before we kick off
I would like to remind everyone to jump into layer 1x discord we are hosting a lot of competitions
and stuff like that we do have a very special layer 1x AMA coming up tomorrow so make sure
to check that one out as well we will be doing a live draw of 500 thousand layer 1x tokens
on Friday so make sure you jump into that crypto not would you like to give off any opening
statements before we move on to the questions and discussing meme coins for sure can you
hear me okay yes sir loud and clear perfect all right thanks yeah welcome everybody as
Sam has mentioned we're pretty excited to be talking about meme coins today but before we
jump into that my name is Cody I'm the chief experience officer here at layer 1x and I'll
be the one kind of guiding us through the conversation today before I forget just wanted
to make sure that everybody marks their calendars for February 2nd as well at 9 a.m. AWST 1 a.m.
UTC for our next x talk episode where we'll be jumping into web 3 gaming so yeah for those
that aren't familiar with layer 1x we are a layer 1 blockchain we are here to unite all
blockchains defy projects gaming platforms and anything you can think of between web 2 and web
3 ecosystems and we are known for being the world's fastest bridge-less interoperable blockchain
likewise layer 1x is fully decentralized and provides users with unmatched interoperability
scalability speed and security so without that further ado let's kind of dive in today we're
being joined by many of the top mean epic experts I guess you could say who are very excited to
jump in on today's topic so if you wouldn't mind just taking 30 seconds and giving me giving
everybody listening a 30-second elevator pitch that would be great just to kind of kick things off
no particular order jump up when you feel ready also I'll go first my name is Travis and I'm with
Vaynar we are an L1 blockchain that'll be launched in here in the next couple months and we'd like to
think of ourselves as web 3 for the billions and the billions of consumers in the entertainment space
and industry amazing I'm Michael co-founder at Sedona we're web 3 gaming platform I also advise
for the crypto recruiters I've also been degenning and meme coins for almost four years now so I'm
excited to talk about what interoperability is gonna be interesting in this context so I'm
excited to hear the questions hey guys I'm gonna go next because I don't know if I'll get another
chance but my name is Navara I'm the global coms manager for Gensokishi really happy to be back
I was away on travels for a little bit so it's really nice to hear from everyone here
obviously we're web 3 game but we do partner and call up with a lot of meme coins with a lot of
projects out there so I'm sure that we'll we'll have some interesting insights from this discussion
so looking forward to it thank you for having us yo yo this is spicy capital thanks for having us
on as a guest this is fizzy baker behind the account as well yeah so I am the cmo of spicy
capital we are focused on investing into layer ones layer twos we're focused into d5 and game five
projects as well and once we invest or we partner with a project we also supply
complementary marketing services as well but yeah looking forward to the space
hello I'm Lawrence I head up business development for tasty crypto tasty crypto is a brand extension
of tasty trade the options and futures brokerage based over in the US and the self custody wallet
solution for IG the trading platform based in the UK and multinational business I love to hear that
it's the sort of meme coin experts I'm not sure if there's such a thing as meme spurts but we can
be memes first it's a die I guess
hey guys I'm Andrew Wuhan I'm joining from Pulsar.ai Pulsar is
he launched you guys shortly followed by our token launch
Andrew would you like to repeat yourself I think we lost you in the middle yeah no problem I was
saying I'm Andrew Wuhan I'm joining from Pulsar.ai we're solving for discoverability across the NFT
ecosystem and we're excited to share our upcoming PFP launch with all of you as well as our token
launch and point system so much to say about meme coins and how they're going to directly
impact our personal business perfect I think that's everybody to Lawrence's response I think
if we're on social media I think we're all meme coin experts in my opinion that's basically how
meme coins start right it's it's a interesting psychology that's behind the meme coin itself
uh the marketing everything from marketing tactics all the way down to how it leverages
and builds its community so um it's I'm I'm very interested to see a lot of your guys's feedback
and thoughts on a lot of different things here so um you know the format is just going to be
kind of uh open style uh not really calling out anybody so if you have something to say feel free
to jump in um and then we'll just kind of move things along that way if we find a good rabbit hole
to go down uh if you've attended one of my amh you know I love to go down some deep rabbit holes
so if we only get through a couple of questions I'm okay with that uh as long as we give our
listeners something really juicy to kind of uh take back and gnaw on through throughout the day
we did our job so thanks again for everybody being here and participating and uh with that
let's just kind of jump in so um the first question that I have here is how can meme coins
often often seen as less stable assets benefit from interoperability
uh I could start with this one so um I think like with interoperability meme coins you can
open yourself up to a lot larger of a market um different liquidity different liquidity pools and
also you can you know integrate yourself into other communities uh that are on various chains
so if you're just on you know polygon for example or just on ease for example you usually have a
bigger draw um from those direct communities those direct projects within there but when you
start branching out going um integrating other chains and going into other multiple chains
um it really opens up a lot more opportunities as far as uh collaborations things you can do and
just exposure to your project for for folks who may not be as familiar with uh one chain but
but more relates more to another
yeah I kind of like that oh looks like uh spice capital go for it hey yo yeah I'm just used
to putting up my hands so if I want to speak I'll just raise my hand uh instead of just talking out
randomly I don't want to like cut anyone off um I think the meme coins can benefit from
interoperability via sports because chilies did something I believe last year or it was
either the beginning of last year or end of 2022 and they were working on it for quite some time
under the chilies network they started creating these tokens they could be cool meme tokens but
they started creating these tokens for the premier league and different football clubs and what
would happen is if you hold it you can then uh decide on the next couple of games or the next
uh away games what the kit could be for that particular team so let's say for example you
follow Manchester United you would hold a token and if you hold a token you now are a part of
this you know this down whatever and your your rights is really just about uh what new things can
come into the stadium uh the new things that we could see for the kit maybe some designs maybe
you could have a vote on what company could be for sponsorship for the team and whatnot um so
chilies have been cooking it up for a while it didn't really massively take off like crazy
because when it launched it was around the bear market but i do kind of see that having a
uh a bit of gravitational pull to the entire ecosystem of web3 especially those are really
into sports swan across football mba and like various other ones but i know chilies was was
cooking on that for a while and chilies have been starting to pump a little bit anyway and it is
because of that because they have some pretty dope partnerships over there so it's not meme
coin centric like it's not like a pepe or bonk but it could be still kind of classed as one
because we already know those tokens aren't going to be valued at a dollar they're going to be
valued at some stupid stuff to like maybe five decimal places um and it would be also
seen as pump and dumps because they're hooked to or not pegged but they are the reason i'm using
hooks is because i can't find other word but it'll be hooked to the actual teams so it will give it
some easy promotion yeah i think it's the framing we could almost invert right it's not
interoperably in meme coins it's meme coins with interoperability and whether you launch your token
with specific utility and leverage memes to to scale the token or do the reverse where you
launch a meme coin to get liquidity to scale to get escape velocity and then build an
interoperability doesn't really matter i think what's been quite exciting this cycle to see
is how bonk for example salana really took a lot of the strengths of meme coins that were launched
on ethereum and brought them to the salon network with actual utility and actual interoperability
across the entire sauna ecosystem and i think that's what people are so excited about what bonk
did for the salon ecosystem and why more meme coins who are going to be launched on salana
provided they build in real world interoperability and new utility i think it's kind of a massive
unlock for this cycle i i wonder like the difference too between like appear meme coin
like hps so at whatever bitcoin the ticker um and then like projects like bonk i mean it's
essentially nft projects and once you start having like actual utility attached to it there's
pressure to deliver and the price fluctuates according to like what the teams are doing
how they're delivering but these pure meme coins like kind of pepe and like bitcoin and some of
those they seem to perform because it's all just about culture and memes right like there's
they're not tied to anything and even in nft collections we see some of that like the pure cultural
plays tend to outperform plays that are pegged to utility like we need utility in the space and
that's really the case for interoperability like you know i don't know if you'd consider ape coin
a meme token but they are expanding their ecosystem and finding many different use cases
for it and that hopefully will you know help cement their viability over time
but it'll be interesting to see like which narrative plays out right do people really
want utility or is it just all about the vibes it's also just not it's not sustainable right you
can't you can get one on a big launch get a good good scale good escape velocity but ultimately
to get people to stick around you need utility and some kind of interoperability
uh 100 i agree with all you guys uh those are some great comments um
looks like we have a hand up if you want to just go
napar you're muted thank you you know that i always forget my mic i think
thank you so much um yeah what i wanted to say whilst i was on mute is that um i think branching
out into different spaces when you're a meme coin also quite helps and i have an example that
for a campaign that we recently actually did with dogecoin um they had their 10 year anniversary
so we partnered with them to make like a special collectible doge in the game but also um it
was connected with buying a certain amount of our tokens and a certain amount of dogecoin
um so that's a really interesting way to kind of immerse and engage people from outside of the meme
coins community and also to kind of take a bit of a different look at it so i think when it comes
to meme coins and kind of narratives and culture and the web3 space it's quite easy to gain new
engagement and to find new people to join the project so it's just about being having that
element of innovation when it comes to your tokenomics and the marketing that you're doing for it
and i i would just just add to that i mean if you look at in in the sort of traditional finance space
how easy it is to from an access perspective like we talk about interoperability here like
everybody understands what interoperability is but actually for people that are i guess
participating or coming in for the first time they just want to be able to access these meme
coins that their friends have spoken about quite often so like i was saying from a traditional
sense if you look at the likes of gamestop when gamestop came around the huge increase you saw in
sort of account sign-ups for sort of the largest largest brokerages around the world like your
robin herds your e-toros etc because everyone was talking about gamestop you know there was no
intrinsic value behind it right i mean it was almost bankrupt so what's what you've really
got to think about is actually this interoperability that we're talking about now once that's in place
and people aren't talking about interoperability and can actually just access the tokens as they
please rather than necessarily having to wait for it to be listed on a centralized exchange
all of a sudden these meme coins are then can be sort of participation can take place
for the masses i mean from my perspective
thank you hey sugarhead go for it hi there we're uh sugarheads i o and yeah i just wanted to say
regarding meme coins interoperability really the key is just becoming frictionless in the space
now you know meme coins are very compartmentalized into their respective chains for the most part
and you know you have people cultish about their particular chain and their particular meme coin but
if we can really reach a point where there's very seamless interoperability interoperability in
in a platform that people are comfortable to use it's going to open up all those different
cultish communities to be able to sort of pool their resources and increase ultimately liquidity
and um it really just makes things easier and makes people you know be able to feel confident
that there's going to be a greater audience for the thing that they're interested in so
it's really i think about seamlessness and liquidity
yeah and i mean i'll just add like kind of you know tie us into all these other points
when i look at like various crypto chains i kind of think of them as various markets you know if i
want to launch a product and i want you know uh global market share results i'm not going to
have my product just sold in canada or just sold in the u.s i'm going to go to global market i'll
be expanding into new countries new regions new territories with my product so that i can get
exposure to those new markets and i think it's a you know real similar when it comes to crypto if
uh you know i'm going to launch a meme token on you know polygon for example i you know i'm going to
expect uh the polygon community to have accessibility but i may not expect the cardano or the theory
you know or the uh salona community for example to have real exposure so by tapping into those
other chains you know you're tapping into all those new markets and expanding your you know
your market your market share and your reach by a whole lot and then you know also kind of like we
had spoke on earlier you're also um can potentially bring use more use case to your meme token you
know you can integrate with other ecosystems you know another project your meme coin may have a
utility in there um on that chain where it may not necessarily have a salona project utility
if you're not on salona just because of the uh the the friction of being on different chains
yeah i completely agree with that i think it's meme coins are kind of being reinvented at the moment
almost from kind of the sandbox play type experience that they were on ethereum in the last cycle and
now leveraging that and actually building in the utility and the functionality uh in this cycle so
i think they're reinventing themselves in a very cool way and then provided they leverage the
scalability the accessibility the international or universal acceptance of of memes i think that's
an exciting time and something that more tokens will try to integrate into their value prop
yeah i totally agree with you on that one um it's interesting because if you look at the
true nature of what interoperability is we've heard quite a bit of it from being able to access
different chains different audiences tbl different things like that and you know one thing that
we're we're building over at layer 1x is you know we're not here to compete with other chains
we're here to unite other chains and to to bring a seamless experience across the board
to all crypto users and for me um maybe this might go down a little bit of a a different
perspective or rabbit hole if you want to look at it this way but for me i feel like meme coins
are a true match for interoperability um and the reason why i say that is is that somebody
brought up the um can't remember who it was that brought up the game stop um uh you know
play that happened and and if you look at it uh really you know if you look at the true nature of
what meme coins are designed to do it's designed to build a very strong community around like-minded
people and um they're trying to unite and in my mind um it's it's the ability to do that right
robin hood was the ability for those uh people to come together and to uh get behind a cause
same way with interoperability and i think that sometimes we don't look at interoperability
when that term is being thrown out there as a way or an ability to grow that network or grow
those kind of meme coins and so for me meme coins are an extension of interoperability to its
truest form and uh that's that's pretty exciting to to hear that a lot of that's being uh
you know stated today and and from your guys's remarks as well so um let's move on to the second
question um what are the current technological limits in achieving full interoperability
and how can they be overcome or will they be overcome
go for it spice capital go go just by the way uh my i don't know this is happen for anyone else
but my screen is coming up with like a bunch of people reconnecting so when they speak i can't
hear where they say so after i say what i'm gonna say i'm gonna leave and then jump back on uh but
yeah so i think one thing that i believe is uh not allowing us to probably scale as quickly
is the idea that okay we're building very fast in the space a lot of stuff is coming out
but adoption is not as fast as we think it is so in 2021 slash 2022 there was this big hype that
the adoption rate of crypto is like at going at an exponential rate and we're really really fast
and all this other stuff but what was really happening is a lot of stuff was getting released
very very very quickly like we all remember the age of defi when it first boomed we had so many
dexes get launched we had uniswap we've got sushi swap we've got trader joe we got um we've got
pancake swap we've got all these different swaps that launched around the same time
and it's great we have all these things with different networks and different chains
however what did it all do that was in common well they all eventually allowed us to swap on
different networks so pancake swap we're allowed to we're able to swap on different networks on
there on uniswap we're allowed to use different networks there and so on and so forth and what i
see happen is a lot of places a lot of projects will launch at an exponential rate in terms of
they'll launch a ton of stuff or an industry or a sector in crypto web 3 will launch very very
quickly different products but then those same products will then create multi-chain access
later on when if you just launched a project that already had multi-chain access we wouldn't
need seven of the same same things it's great to have different things it's great to have
different dexes amazing it's great to have different centralized exchanges hundred percent
but if we just kind of reverse engineer the idea of stop launching thousands of things that
do the same thing and launch a few things that do the same thing will have more adoption
because the common thing that i hear when i've talked to someone that's not crypto native is
bro there's like so much stuff out there i go to a gym and i was talking to a guy today
and he was asking about crypto stuff and i could tell as soon as i opened my mouth his first
question was going to be but where should i start and it's always the same thing well i don't know
where to start there's this there's that there's this youtuber there's that product there's this
that there's there's all these different things and it's again it's great that we have so much
access like it's great for me and you guys because we understand this stuff we understand
gas fees we understand that oh okay cool there's going to be different kind of slippage on
this deck compared to that one but the nate the the normal person is not going to understand
they don't personally even understand what slippage is they're not going to even get that
me myself i just clocked the other week that slippage on foreign exchange trading compared to
slippage on trading in crypto are two completely different things and i've been doing this thing
for time and i just clocked that so imagine a normal person coming into this industry
and sees there's seven different eight different ten different decentralized exchanges
then they find out what liquidity pauses then they find out that there's lpbs then they find
out that there's all these different terms again it's great that we have this stuff
but all this extra stuff could come at a later date i think if we step back a second and say
okay cool we're gonna launch this product we're gonna launch this decentralized application or
this video game or this meme coin or whatever it is and then we say how can it be accessible
to web 3 and people on the outside of web 3 okay cool well the first way is probably
multi-chain access because they'll allow someone that might get introduced to crypto
through ethereum but will also allow someone that gets introduced to crypto through solana
then it will allow someone that gets introduced to crypto through avax okay cool so how can we put
it on different uh exchanges allow those people to interact with it as well if they can't get the
app let's allow them to get the token well to get on binance we need to be on three exchanges we
can't just go to binance so enough of the when binance questions we need to be on other exchanges
that are accessible how do we get on coinbase where we have to do it through x y and z okay
cool now we're on coinbase now we're on binance we're pretty much accessible to the public now
how do we get more accessible to the public because we don't need to worry about how me
and um andrew or vena or lawrence or x host we don't need to worry about how we get access to it
we already know how to we see it on twitter we go and search up we're probably in a group chat we
probably found about two weeks ago through some random alpha call that we didn't trust and then
yeah we're there how do we all get involved in when same way twitter and twitter spaces and all
this other stuff we get the alpha already but the normal person doesn't so how do we do that
maybe events that allow a bit of web2 integration look what nfc is doing this year they're going to
be bringing web2 gaming tournaments fortnite fifa they're going to be allowing this stuff in
their event which what brings more web2 people and that's a whole gaming market so instead of
creating all these freaking apps all these really cool websites create fewer websites
with bigger integration and we'll start to scale quicker because our
adoption rate will start to rise i'll see you guys in two seconds yeah two quick things i think
one that's the kind of the value of what people get in the original basis and they're still
still doing for retail as they bring people into the space it's easily easy to understand and
brings people into crypto provided that it doesn't you know turn them off and make it like a
shit corn vibe it's more of like oh this is cute or interesting i'll do some research i'll learn
that's point one the second point is the only way to really improve interoperability is user
experience something simple and easy in the same way that robin hood was gamified and brought
retail in you flick up when you purchase it and you get money signs and it's a fun cool thing to do
the same thing for crypto is going to keep people in the space and demystify it because your average
retail user your casual user doesn't have time to do this much research and people full-time in
crypto are still spending more than they need to be researching protocols and jumping from decks
to decks oh for sure for sure hundred percent uh sugarhead go for it you've had your hand up
for a little bit i think the real challenge is that the problem is the nature of the space
that we're in is inherently striving to be decentralized and so when you're when you're
decentralized you have all these small teams all across the world building things that they have
an idea for um and they're building it with you know with the resources that they have on the
chain that they like um in a way that they want and it's just so inherent that the issue is a problem
intrinsic to the decentralized space um and then you know in addition to this you know it's so
we're in a fledgling technology where we have we have hundreds and thousands of people building all
over the place um then the question arises is you know which of these projects are something
that people can really get behind and trust and once they get to a point where they are operable
how do you end up allowing liquidity to get into and out of all these small things that are built
across the board and since we're looking to try to be decentralized the very nature of interoperability
is there has to be key points of centralization and because the space is so new people then
aren't sure which to trust and so for uh one particular point of centralization to allow
interoperability to gain adoption is challenging because everybody stays in their own bubble
where they feel comfortable and safe and so i think it's just a intrinsic problem with the
space in general but it will work itself out in time it's just going to take um it's just going to
take growth and adoption and consensus within the community and uh but it's it's an interesting
challenge to address and the fact that you guys are addressing it i think is um i i think
it's something that has to happen agreed agreed hey travis uh you got your hand up
yes um i just wanted like first i want to preface this with like i don't think any of us uh you know i
include myself in this in the space or like normal market um i look at like the normal person or the
normal market is like the ones that like aren't necessarily like deep into uh blockchain or web3
right now they're not in these you know spaces that that market and i think that market is
what like everyone in here is really striving to uh capture or or captivate in some way and
you know interoperability i i think is like important to us in the space and it's important
um you know on the business side of the space but i don't think it's like important to the
everyday consumer the everyday consumer just assumes interoperability um they don't want these
kind of you know if i go into a store and i go to use my visa card they say sorry
we don't use the visa network we only use master card it's not going to get me to go get a master
card it's just going to push me to the next store down the road where i can use my visa and i'm
going to use my visa there because i just expect that kind of seamless interoperable kind of
experience so when i go to purchase a meme coin go to purchase a game an nft whatever it may be
i want that same seamless experience where i can just go in and purchase it and i don't need to
worry about okay i've got to you know buy a token here on this chain then i got to bridge it to that
chain and then i can do this and then move it back to that chain like all of that is not going to work
with like what i consider normal folk um the normal markets you know for them it's really
just going to be that experience of like going in they want to purchase their bag of chips they're
going to swipe their visa card they're going to walk out the door with their bag of chips and
we need that same kind of mindset when it comes to um you know meme tokens or anything on chain and
that is interoperability and and it requires the interoperability um to create these seamless
experiences but uh at the same time i don't think like the you know quote unquote normal
market it's going to be as front-facing it's just going to be what they expect what they already
know and what they're already used to oh 100 agree with you on that one it definitely boils
down to you know user ability and and user experience stuff and uh that's definitely my
forte that's what i'm focused focused on over at uh layer 1x is trying to improve uh user ability
and how people engage with crypto we actually have a kind of an in internal community
meme going uh where we have a grandma and we say that you know we want to make crypto so easy that
grandma can even do it right and i love the points that you bring up about how consumers
uh crypto investors newbies are are expecting that type of uh you know user experience to be built
into their their overall um to overall experience right the simplicity of it right it's it's kind of
like you've got the people that jump into a car and they just put the key in the ignition turn the
ignition and and know that the car is just going to start and that's as much as they know right
and then you've got all the all the way down to the mechanics that love to get into every
little nook and cranny of their engine and know how things work how to fix it and how to do that
and so we've got a lot of different people at all different levels and so in my opinion the people
that can build all of this tech the utility the interoperability the the you know future facing
a portion of the meme by providing utility through it all under the hood and making it
so simple that it's as easy as jumping on and starting to engage with your platform are going
to win in 2024 and beyond um so you know with that uh let's let's just kind of pause for a minute
if you guys are just joining us um my name is cody i'm the the host for today um and we're
talking about how interoperability will impact the future of meme coins um if you guys are
in this space uh please make sure that you guys share the link to this so that we can get this out
we are trying to unite as many people that are interested in this uh so having that support
would definitely uh help us out we we appreciate it so all right um kind of jumping back in let's
move on to the next uh kind of question and uh let's let's get a little bit personal and let's
talk uh you know how interoperability will play a role in your uh project in 2024 and beyond
spice capital if you want to go yeah so this yeah this is pretty simple us we are vc so
essentially we are just focused on investing into protocols and different gaps in the ecosystem
so if for example let's say people wanted to partner with us or let's say for example you
didn't want to partner with us you want to come into the other angle you wanted to join the vc front
and invest in projects then it's literally the sense of join a group chat we have a chat with you
if it's a thing where you are someone that we want in the inner circle then we'll bring you into
the private group where the investors are so there's two group chats there's the main one
where you can ask questions and stuff about different projects about what we're doing and
whatnot which is the lobby and then there's a private group which is just exclusive for
investors and there are steps that you have to go through before you join that group
and then once you're in uh all the services that you need in terms of investing in projects
is going to be there and you wouldn't be someone that's not crypto native that just
joins the group you would obviously have to have a bit of education to know what you're
getting yourself into and um this is something to myself i've created educational programs for
platforms before anyway so this is something that i can do and help people learn about
and uh yeah that's literally as far as it goes when it's with us because we're not an actual
let's say project into space where vc that invests in them so we're pretty um it's an
easier ride for us i'll say no that that's awesome um thanks for sharing that
yeah you guys are in a little bit of a different situation but
you said something to me that kind of uh i heard this the other day let me see if i can
repeat it correctly um around mean coins it's uh if you know what i mean you know what i mean
um so yeah sorry sorry for the dad joke so earlier i might have to steal that
uh i'll tag you but i'm stealing that for sure that's a that's an intern 101 post right there man
yeah so yeah just make sure you tag me in that one that's for sure but uh yeah i was having a
conversation with somebody the other day and i thought of that and i was like oh my gosh that's
freaking hilarious because that hits the meme right up to right up to the alley of what it is
right and so i think you guys are are are definitely showing the true nature of what a meme
is is and you're trying to uh you know surround yourself with like-minded people right and uh
when you know you know um what you're you're talking about it's the whole meme concept on
social so yeah thanks for sharing uh noveira um i think you had your hand up first
yeah i did thank you so much and that was an awesome joke by the way i'll be stealing
that too but i'll make sure to tag everyone involved um yeah i think uh when it comes to
games and when it comes again so um we're kind of championing the space with collabs and just
trying to we don't want to one up anyone in the space we kind of want to work with everyone that's
creating a buzz around them so uh for us it's more of a matter of doing research and just making sure
that we're reaching out to any interesting teams and anyone that has a cool idea and seeing how we
can integrate it in the game and obviously kind of amplify the the impact that it has which i think
also kind of coincides and helps with interoperability because um there can be multiple ways in which
projects and teams on different blockchains can collaborate for some kind of a partnership
and amplification of a certain campaign so that's definitely something that i'm always looking forward
to so if if there's anyone in here that's looking for a game slash meme coin collab then just
reach out to me thank you awesome yeah you hit it on the on the head that's for sure so
and i think there's plenty of projects out there that would definitely want to
partner with you and collab uh michael i think you're next yeah i'm so sad because everybody is
laughing so i know what navara said was really funny but i cannot hear her so i'm kind of mad
right now but um as a game launcher uh we do have to think about interoperability a lot um
and i think you know where we've come down on it is we are building a custodial multi-chain
wallet so going back to like that credit card metaphor and i do want to push back on that a
little bit because i think you know for me if they're like well we don't take master card we take visa
i'm gonna get all the top cards so that i can go anywhere i want to go and i have all these cards
but in the custodial metaphor that's like having a card on top of all of your cards that manages
all of those cards together right so you can use your one you know imaginary name card and
your amex is connected and your master card is connected and your visa is connected and it kind
of controls all of those through one single access point so that's kind of the approach
that we're taking to it because for gamers specifically we don't you know we're talking
about consumers that this whole you know space that don't care about the technology that don't
want to learn all the different access points that don't want to go down this rabbit hole
and are not curious to to learn all this stuff and they want that simplicity um and i think
that's the type of technology that we're going to have to build to onboard the masses and then
from there they like can go down as far down the rabbit hole as they want right and to do
centralization and i think there's certainly more benefits than not to decentralization
i just don't think at this point with the accessibility that it appeals to the everyday
consumer great thanks for sharing lawrence you're up
hello yeah so like i was saying tasty crit so um i think you'll see the the handle probably
lower down in the audience so do do check us out and have a look but at the moment in terms
of interoperability and what we're how it's going to play a role for us in sort of the next 12 months
we at the moment only support the bitcoin and ethereum blockchains which obviously gives
access to thousands of tokens but eventually we want to bring solana in base and etc so
it's a very important um i guess part for us to be able to provide that sort of
i guess cross-chain swap functionality and actually make that experience as easy as possible
like we were talking about earlier in terms of people coming into the space for the first time
quite probably being able to swap from from one chain to another will make it a hell of a lot
easier than having to to go through a bridge potentially connect to adapt to then bridge and
then sort of come back into the the application so that's something that we are we're definitely
working on uh over the next 12 months that sounds exciting uh andrew you're up next
yeah thanks so i'd also we're we're interoperable in terms that we're changing topics so you can
mentor curate and possibly change uh but again we're going to make some strategic decisions
regarding our pft launch and our broken launch and for that reason we chose solana i think that's
great uh energy ecosystem on developer activity and probably the meaning chain for this whole
run which is exciting um but that's how we're thinking about interoperability is because we can
afford to be kind of a fabric across the ecosystem we can integrate different parts of our project
provided what is most essential for the uh the use case so for example the pft we wanted solana
because it's cheaper mentor fees easier transactions for an article artist focused community the same for
our curators and those who are co-workers and the same thing for our token and point system i think
it's a more scalable and easier to use consumer use case but we're open to all chains and we've
worked cross-functioning with each chain but for the strategic reasons we've chosen solana and
that's kind of how we're thinking about interoperability perfect sugarhead your turn
um i think this question is very very interesting and um this is something that we are working on
at uh sugarheads.io so what what sugarheads really is is it's an nft simple nft masquerading
as well put let me say it let me say it backwards it's an index fund really meant um masquerading as
an nft so when we launched sugarheads um nft we locked fifteen thousand dollars of erc20 assets
in a vault that's claimable in the future by our nft holders um and we you know we've
added to that vault so what we're working on now is uh expanding our ecosystem um onto another chain
we are looking at having a larger amount of capital uh backing the nfts that we're planning
on that chain and in addition we're planning on adding some uh game gamefi to it as well
and the idea is to be able to create uh a game platform that's simple and fun and
gambling and and lets people play against each other uh to be able to make money with crypto
and the idea is to be able to have a small tax on transactions that allows us to take that value
and feedback it loop into the the backing value uh behind the nfts and then ultimately um if we
have the ability to have liquidity we can take these nfts and put them in a situation where people
can um essentially uh borrow against the intrinsic value of their nft unlocking that liquidity into uh
perhaps a native token that can then be um able to you know go across chains and be interoperable
and stuff like this so the idea is to sort of start with value to begin with scale that value
and then scale the ability to have it be self uh generating and then boom you have something
that is actually stable and um then it's just a matter of you know a growing adoption and being
able to continue to add liquidity to the foundation so that that entire protocol is uh you know
intrinsically valuable and allows people to you know store value and transfer value and things like
this so uh very exciting things coming uh with respect to this uh concept in 2024
no i love it i love it thanks uh thanks for everybody for your comments on that
yeah it's it's interesting that as we kind of take a step back and look at interoperability
becoming a primary focus and not only all of your guys's projects but everybody else's projects
um do we i i guess the next question that i have is um kind of kind of around that um i mean do
we feel like interoperability is going to be um well let me rephrase this do we feel like
interoperability is kind of uh making it harder for projects uh because of the demand that the
users are having are they expecting like nft that i purchased here maybe in this game or on this
platform to be used over here in this game or on this other platform on another chain um do you
feel like that that's going to impact how do you guys do business meaning are you going to have to
be reverse compatible with all all these other projects out there i think kind of depends on
your individual project or ecosystem i i think for um the majority yes interoperability is going to
be very important um especially as like the space matures and we start bringing in more of that
traditional market in um but at the same time i i also really think that there's a lot of tools
that are coming out a lot of people working on a lot of really great tools and systems
where a project may not necessarily have to do it on their own they can lean on someone else
like you know for like a layer 1x for example to uh you know leverage what what you guys are building
to help them and what they're doing so yes i think interoperability uh will be very important i
don't think it's going to be uh necessarily a one-size-fits-all some some ecosystems some
projects some communities will do you know just find in their own little niche and what they're
trying to accomplish um and at the same time the projects that are going to need to you know expand
and become more interoperable in that way um won't necessarily have to do it on their own and
there's you know i think we're in a really exciting time we see a lot more advancements
too especially over the last 12 months um a lot more tooling a lot more um companies coming out
with some solutions uh that that can work for other people um towards that interoperable goal
oh for sure for sure and and i really do like how you mentioned that there is a lot of innovation
coming to to the mean market that's for sure so um i wanted to save some time and see if there's
any uh questions so if you guys have any questions for our panelists be sure to drop those down
in the comments uh section uh and uh sam will go through and grab a couple of those sam do you see
and grab a couple of those sam do you see any currently
as of right now we don't see any questions uh but yeah i'll keep an eye okay sounds great
so i'll just ask a couple more questions then um so let's see here um
what advice would you give somebody looking to invest in a meme coin or a project
uh that is surrounding meme coin and interoperability what kind of advice would you give them
uh prior to investing only get your outsider chats
that's awesome yeah i was gonna say do it for the culture don't do it like you know expect
of that thousand extra turn because you're just gonna get burned you know that the ones that
are talking like hey i turn this hundred dollars into a million dollars they're the noisy ones because
they've done it but the vast majority don't so you know i always tell everyone like when
you go into buying anything whether it's a meme token an nft token you know nft project whatever
that may be you know do it because it's something that you enjoy something that like
you enjoy the culture the community whatever that may be um and not on the uh hope of you know
those thousand x crazy gains oh a hundred percent hundred percent uh sugarhead go for it
it's a great question um it's really about um the question is really about sort of the
degenning in the space uh how do you how do you how do you invest and how do you make money
it's a very complicated question um i mean i think the first step is first of all don't invest more
than you can afford to lose obviously it's very cliche um but it's true i think the second thing
is sort of have an idea of who is if you can know who's on the team um get an idea for what
does liquidity look like uh how much production value is there behind the meme coin that you're
looking at um also i think it's all about capital preservation so you know people get the idea
that they see this one thing and they think that this is the thing that can go a thousand x and so
they they go all in but you know traders should traders know that the first step is preserving
capital so you have to evaluate the risk reward of any given project you know what do you stand
to lose what do you stand to gain and get in um at a time that you think is advantageous
you have to know technical analysis if you're really going to play these games
and then um you know you have to be able to try to get out with some profit and then have
the stomach to ride the wave if you really think it's going to go uh so it's it's fun i mean
it's a very fun thing and um but it's not it's not an easy thing to do you're absolutely right on that
perfect thanks uh spice capital you're up
I don't know if it's just me but can you hear spice can anybody else hear spice
me neither i thought it was me rugged yeah uh spice capital if you want to jump out and
try jump it back in that would be great
we'll get you back up on stage here in just a sec
um does anybody else want to add something in the meantime
yeah i i guess i just well firstly let's say in the meantime right um so i'm gonna agree with what
your what everyone said here really i mean it's it's so speculative in nature right so the and
everything comes down to supply and demand at the end of the day if you're getting a hell of a lot
of buying pressure the the price of the meme coin is obviously going to go up and that's all going
to be very community driven you know it's very different in nature to i guess traditional
investing and trading so absolutely those those thousand x's um are very few and far between so
it's very much a sort of don't speculate on more more than you can afford but also don't get stung
by the fact that gas fees can be so high that you're going to have to 5x to make more uh more
money than what you're paying in a potential gas fee so just yeah i mean just don't go um don't
overexpose yourself is is most definitely the sort of viewpoint that i think everyone's put across
and i guess i would as well yeah i would just add i think it's been said but community is super
important get involved with the medium scoring that you understand he goes from the community
and support of it and also look for interoperability right that really is kind of the key
unlock it's the topic of the space and it's something that wasn't necessarily the case
for a lot of people in the last cycle so look for communities that you like and resonate with you
and then hold the community accountable and the project accountable for delivering the utility
points whatever the promising as part of the utility it's the act of the disappoints and
make sure that the project's delivered with the promises
no those are great comments thanks guys um spice you want to try try it again hey can you hear me
hey we can hey okay cool sweet so yeah what i was saying is if you're getting into meme coins
only thing of that nature as soon as the money's left your account don't see it as an investment
see it as you've just spent a hundred dollars or you spent a thousand bucks or whatever it is
because having the idea that you earn some form of return on a meme coin is just not healthy at all
for an investment mentality when investing you should be completely logical there should be no
emotion whatsoever the idea of going into meme coins is like going to a casino in vegas it's it
is literally the definition of gambling like we all know investing in crypto is a gamble but that's
a gamble on a different level that's like going into a casino and putting 10 grand on red
or 32 it's just the the chances the risk is too much so that's what i would say and the other
thing is when you get into meme coins be content with a 10x if you've just put a grand in and you
make 10 you make nine grand you're up 10 000 on your investment it's okay to withdraw like it's
completely fine not everyone can say oh i made 10k this month not everyone can say that if you've
put two grand in and you make a 10 grand return or you make a 10x on that and you're up 20 grand
it's okay withdraw if you've put 30 bucks in and you make three grand it's all right
withdraw you just done a hundred x because it's meme coins is because because there's a potential
of it going a thousand and ten thousand x we have this stupid mentality that we deserve
a hundred x return and a thousand x return we don't deserve anything we're getting into a meme
coin that has sonic obama and kishu in the name like come on man the the the moment you press buy
you've you're you've lost the plot and it's not saying i'm against meme coins i get into meme
coins as well it's just if i get into it i don't have the idea that i'm gonna make an x return
it's it's okay but yeah that's what i have to say on that win lambo right i just wanted to
quickly add like i so agree with everything you said but keep like 10 is your moon bag and that's
a way to like alleviate like the anxiety over selling to you soon just keep that little moon
bag and then if it thousand x's you're still gonna be good right but you still you know you're
getting a bunch of profit you're taking profits you know that's that's my philosophy anyways keep
the moon bag that's why i still have a bag of doge uh yeah no i totally agree with you guys on
that one and um i know we're right at the right at the time but i do have one last question um
kind of surrounding that and it's it's the the meme coins often create a very
how should i say this uh i don't want to say cultish type of uh community in some cases
um they are uh i've been in communities uh just visited communities when i'm doing my own research
uh type of thing about stuff and and one of the things i look at is is a very active community
and uh man there are some some very cultish type of uh uh people out there or communities
i should say do you feel like these type of uh extreme communities are a hindrance to the meme
community and an overall adoption i i think they can be but they don't necessarily have to be you
know um an awesome fired up community that's you know wild crazy all over the timeline can be a lot
of fun um but at the same time though you know it can also be a hindrance when it gets that point of
like being a bit gatekeeper when it becomes like you know being a bit offensive to another community
or you know things of that sort but you know everyone loves being part you know everyone loves
going where where the people are and you know when there's a loud noisy community it looks
like everyone's there like you you feel that fomo like i want to be part of this too i want to be
part of something but you know it can cross the line at times where you know suddenly it becomes
uh you know not as fun and it becomes more uh maybe um violence you can say you know and
virtually violence um you know wake up and choose violence you know where where uh you know the
the communities can you know start trashing other people or trashing other projects or
becomes something that you know people don't necessarily want to be a part of but i don't
think necessarily just a loud noisy community um is a hindrance i think it can actually be
pretty awesome um and it does make it feel like it's hey this is where everyone's at this is where
i should be too i want to i want to go where the crowd is because obviously they're having
a good time over there so let's go see what this is all about a hundred percent hundred percent
navarra hey yeah well i think this is actually a really interesting question because
well memes are kind of the the peak of the current narrative aren't they so they are kind of bound
to have distraction and to have these cult like crazy people attaching to the project so
that's where i think it really really really really comes down to um community managers and
how the team manages this because having that level of traction and kind of noise around your
project can be just as good as it can be bad so i think if you have good community managers and
moderators in place you can very much use this to your advantage and really turn your coin into
something and if you manage the output that your community has and you prevent it in some way from
making it toxic then you're gonna have a thriving community but if you just let things slip
um and you kind of get lost in like memes and a lot of you know indecent chatter then it can all
snowball really quickly so i think specifically with meme coins being kind of really really the
the icon for the current narrative it's really all down to community management and just how you're
how you're dealing with that narrative and if you're using it to your advantage
or you're letting it hurt you and the rest of the community
uh perfect well said i agree with with that as well so uh we're just five minutes over but i
want to give you guys uh a chance to do a 30 second to kind of uh pitch again for your
guys's project how they how people listening in can find out more about you uh what major
things that are coming up for you in 2024 um here's your time to shine uh if you want to just
take 30 seconds that would be great yeah kick off um yeah i would say you know for vanar follow us on
twitter um jump on our telegram we've got some uh exciting campaigns around the corner some
exciting announcements around the corner um coming here in the next uh couple weeks so um if you have
any kind of questions or anything our telegram's awesome we've got uh uh mods in there they can
answer any of your questions points in the right direction we've got our website vanarchain.com
that you can go to to find more info um yeah or just follow our socials we're we're always in
spaces all always in spaces and always love to join spaces as well so thank you so much for
putting this together it was an awesome uh chat a fun chat i love talking meme coins
um and great panel you put together here
hey thanks i just followed you so we're good
i think i'm gonna go next because i need to jump into a meeting so i just want to
say thank you for having us again it's been a really cool discussion hopefully we'll get to talk
soon um if you want to check out gensoh just make sure to go to gensoh.game download the game um
if you want to speak to me about working with gensoh or any kind of advisory work uh my handle
is here for culture underscore because obviously i'm here for the culture um thank you again for
having us we're really really happy to be having these discussions and i think they're quite
educational with the number of people entering the space right now so thanks again and have
a good rest of the day guys bye you too have a good one thanks for coming uh sorry guys i don't
know whose hands up what's up first so we'll let ladies go first so uh okay if you want to go
all right thank you yeah thanks for putting together this panel i followed everyone on stage
it was very insightful and fun um i will be out at eat denver so i would love to connect with
anybody who's going to be out there either by the crypto recruiters or sedona um of course
we're always looking for roles to fill and great talent to help fill those roles so if that is you
please get in my dms um and just really happy to be here i think you know let's do it again let's
talk to meme coins some more because it's still at meme coin season it seems like it's still heating
up oh for sure hundred percent all right uh lawrence if you want to go yeah echoing that thanks
very much again for the space today it's been super insightful on meme coin so i'm here with
tasty crypto the tasty crypto account is is in the space as well so do drop tasty crypto a follow
and also go to tasty crypto.com we actually pump out a ton of useful articles three or four a week
through our blog which will tag below the space here today tasty crypto is a self-custody wallet
currently supporting bitcoin ethereum with pretty news so i'd love you to sort of download have
a open or import a wallet and sort of let us know your thoughts on until the user experience and how
the look of the and feel of the the wallet uh resonates with your experiences previously so
yeah we'd love you to to drop tasty crypto follow download the app and and let us know and drop
us a note at supported tasty crypto.com if you have any thoughts thanks very much everyone
yes thanks for attending uh sugarhead you're up
so you can check us out at sugarheads.io where you can see the total value locked
in the index fund and you can track the floor price of the nft versus the backing value for the
individual nfts in the next week or so we are going to be announcing a new mint which is going
to be on solana the mint is going to be a little bit unique in that every nft minted is
going to be an entry into a poker tournament in collaboration with web3 poker club there's going
to be ten thousand dollars in guaranteed prize pool for that tournament our goal with the tournament
is to have some fun reward our holders uh on board some new people as we push later in 2024
to um another mint which is going to be um also a locked index fund but in addition it's going
to segue into access to the game platform that we are creating uh whereby users will be able to
monetize their nfts uh within the game in terms of rental uh for users to play there'll be some
staking uh there'll be a peer-to-peer contest where people can sort of bet crypto in their
ability to beat the other players and ultimately uh take home some pretty big prize pools um
so yeah big things coming in 2024 check us out in the discord we'll be in a lot of spaces
and um you know we're always open to collaborate and uh thank you everybody i think uh great
speakers today yes i have to agree and definitely a good panel uh sam uh do you want to jump in
and remind everybody about our airdrop that l1x is currently doing yeah for sure and uh with
that i would also like to remind the people that our public sale closes tomorrow at midnight
so that is 31st of this month uh after that on friday we'll be doing a live draw of 500,000 l1x
tokens which is roughly worth around 250,000 will be doing that live on our discord so if
you aren't in our discord yet jump in link is in the bio passing over to you krypton yeah and just
to clarify that no matter where you are in the world uh that 31st of uh january is australian
time so uh i know for us people over here in the u.s we're we're about uh you know a few hours
behind everybody so just don't be disappointed if you try to jump in and it's too late but
definitely keep that in mind but uh yes i just wanted to take everybody uh before we close out
and just give a big big thank you to all of our panelists for their participation
again please mark your calendars for the next episode of xtalks which is happening on february
2nd uh groundhog's day if you know what i mean you know what i mean right so uh that'll be a
at 9 a.m uh western australian time or 1 a.m utc again going over web 3 uh gaming so until next
time experts keep pushing the boundaries uh to innovate and unite all of crypto and have a good day