Nostra <> Monad

Space Summary

The Twitter Space Nostra <> Monad hosted by nostrafinance. Nostra <> Monad is a pioneering DeFi platform that revolutionizes the accessibility and functionality of crypto services. By offering a wide array of features like lending, borrowing, swapping, and bridging cryptocurrencies within a user-friendly interface, the platform promotes financial inclusivity and security. With a focus on mainstream adoption, Nostra <> Monad plays a significant role in simplifying interactions with different digital assets, contributing to the growth of the decentralized finance sector.

For more spaces, visit the DeFi page.

Questions

Q: What services does Nostra <> Monad provide to users?
A: Nostra <> Monad offers a range of services such as lending, borrowing, swapping, and bridging cryptocurrencies.

Q: How does the platform enhance accessibility to crypto assets?
A: By providing various functionalities in one app, the platform simplifies interactions with different cryptocurrencies.

Q: What are the key benefits users can expect from engaging with the Super App?
A: Users can enjoy a seamless experience, financial inclusivity, enhanced security, and a comprehensive crypto ecosystem.

Q: How does Nostra <> Monad contribute to the mainstream adoption of cryptocurrencies?
A: The platform's user-friendly interface and diverse tools attract individuals and promote broader crypto usage.

Q: What security measures are in place to protect users' assets on the platform?
A: Nostra <> Monad implements enhanced security protocols to safeguard users' assets within the Super App.

Highlights

Time: 03:15:42
Diverse Crypto Services Offered Exploring the range of services including lending, borrowing, swapping, and bridging cryptocurrencies within Nostra <> Monad.

Time: 03:25:18
Enhanced User Accessibility Discussing how the platform simplifies interactions with various crypto assets, enhancing accessibility for users.

Time: 03:35:55
Financial Inclusivity Promotion Highlighting how Nostra <> Monad's services contribute to fostering financial inclusivity in the crypto space.

Time: 03:45:30
Security Measures and Asset Protection Detailing the security protocols implemented to ensure users' assets are safeguarded while utilizing the platform.

Time: 03:55:10
Mainstream Adoption Initiatives Exploring the user-friendly interface and diverse crypto tools that attract a broader audience to engage with cryptocurrencies.

Key Takeaways

• Nostra <> Monad offers a diverse range of crypto services like lending, borrowing, swapping, and bridging.
• Users can access multiple functionalities within the crypto Super App for a seamless experience.
• The platform enhances accessibility to crypto assets through its varied services.
• Nostra <> Monad simplifies the process of interacting with different cryptocurrencies.
• Engaging with the Super App provides users with a comprehensive crypto ecosystem.
• The platform's versatility appeals to individuals seeking diverse crypto solutions.
• Users benefit from a user-friendly interface and a wide array of crypto tools.
• Nostra <> Monad promotes financial inclusivity through its crypto service offerings.
• The platform contributes to the mainstream adoption of cryptocurrencies with its accessible features.
• Enhanced security measures ensure users' assets are protected within the Super App.

Behind the Mic

Introduction

GMGM, everybody. We'll give it a couple of minutes for others to join. Just hold on the lie. Hey, Jim. On it. Hey, what's going on? How's it going? Good. How are you? Nice. Nice. Yes. Very good, sir. Very good. Well, we'll give it a couple minutes for others to join, then we'll. We'll kick off. Yeah. What, do you guys have, like, a name for your community? Because we have, like, the nads. They're like, I feel like we need some. Something for Nostra. Like the Nostro nods or the nostril nads works, too. Nostradamus, indeed.

Community Roles

We do have, like, some roles in our discord. We have, like, the capos and sicarios just playing on the sort of godfather theme. Nice, but very cool. But we can. Yeah. What is. So what is the logo? It kind of looks like a rose, but also kind of like a wallet. Like, what is. What is. What does the name come from? Actually? Yeah. I mean, it's a rose. If you kind of. If you've watched, like, the godfather films in Mafia, like, there was like a. The rose is quite a symbolic symbol and we kind of played on that.

Symbolism and Design

You know, roses are red, all that kind of jazz. But some people call it, like, can see it to be like, a transformer sign for Optimus prime. Oh, yeah, I see. That's pretty cool. Yeah, I see that. Yeah, yeah. So, yeah, but originally it's, like, made out to be a rose. Yeah, no, it looks. It's pretty. It's pretty sleek, I must say. Nice, nice. What about the Monad logo? Yeah. So I'm pretty sure. I think Keone designed it or, like, eunice, one of them.

Logo Design Insights

I think. I think what makes it really good. So, if I understand correctly, I mean, if you look at it right, it's like a ring, but then, like, the inside part of the ring is slanted. Yeah, I think initially it was slanted to the left, and then they're like, there's just something seems off about this. And they slanted to the right and they're like, oh, yeah, this looks way better. So, yeah, I think it's. I think it's. I think a lot of logos are way too complicated. And the more simple you get, the better.

Branding and Simplicity

Yes. Yeah, yeah, you can really get into it. I think we. We had a few sit downs with some branding agencies once upon a time, and, yeah, it was a. It was a fun exercise just to go through the whole thought process. But I. It definitely felt like, it was boiling the ocean for the most part. Yeah, I remember. So I used to work at Delphi Digital, and they have really great designers. I remember. Talk to them and they were just, like, basically telling me that with, like, logos and stuff, you want the simplest form possible, because then it's, like, super easy to kind of, like, remix it and just, like, do a bunch of stuff to it where, like, if you have some, like, complex thing that just makes it super difficult to like.

Creativity and Functionality in Logos

Yeah, just, like, kind of remix it and just, like, you know, just put it in tons of different places and show it a million different ways. Yeah. Also, if it's simple, it's more memorable. Right? Yeah, I always thought about it like that. Yeah. Cool. I think. I think we're good to kind of kick off the. The main agenda. So just first off by saying, you know, thanks for joining. Just wanted to kind of put it together for our community and perhaps bring the Monad community together.

Community Connection

Nostra and Monad, given that we've recently announced our intent and our commitment to expand Nostra onto Monash, which we're super excited about. And so, yeah, I thought it'd be a good time for us to learn a bit more or the nostril community to learn a bit more about Monad, especially around the community side of things. I think you guys are doing a great job. And so, yeah, I thought you'd be the man to kind of walk us through the journey. So if you don't mind, do you want to just introduce yourself?

Introduction to Monad

Yeah, yeah, sure. yeah, I'm tunes. I do eco marketing here at Monad. I used to work at Delphi Digital. Did a bunch of marketing, social stuff there and then. Yeah, network at Monad. Yeah, pretty simple intro. Been in crypto for a while. Just like, love Twitter, love communities, love crypto. And, yeah, feel super fortunate to me on the spot of men. And yes, super happy to be talking to you. So thanks so much for having me on.

Discussion on Monad's Value

Nice. Yeah, welcome, sir. So, I mean, just to kick things off me, maybe we can talk about sort of monad itself, and then we can move on to, like, the community stuff, which is probably your, you know, your. Your field, but could you just give us a, like, a elevator short pitch? So what is Monad and what makes it different? Yeah, sure thing. You know, I think, like, if you just look through the progression of crypto, you know, you had bitcoin in 2009, then you had Ethereum, you know, like, five years later, then you had slot, like, five years later.

Evolution of Crypto

And I feel like we get this, you know, a new wave of innovation, call it every cycle, every four or five years. So, yeah, I mean, if you just kind of look at the fundamental trade offs between, like, Ethereum and Solana, you know, Ethereum super optimized for decentralization. That's kind of like one of the principles of the space you have. Most of the devs are solidity devs and built in EVM environments, but then you have something like Solana comes along that really shakes things up. And then now you look at the discourse around eth today about l two scaling, and then maybe even making changes to the l one to be more performant, because it's just pretty clear that there are benefits to just having performance on the l one.

Monad's Mission and Technology

Monad is built just like with the principle in mind of, like, performance is important and decentralization is important, and EVM compatibility is important, that basically you can bring this high performance execution environment to all the developers in crypto and provide it to them in a way where they don't have to change any of their behavior. And also while, you know, basically maintaining the principles of crypto and decentralization. So Monad has, like, a decent amount of tech innovations I'm happy to get into, if you'd like, which basically enable Monad to be able to run with two or 300 nodes and have them running on consumer grade hardware, something like a computer that you could buy at Costco.

Combining Decentralization with Performance

So, yeah, kind of best of both worlds of decentralization, and then also full EVM bytecode compatibility for any EVM developers who want to build in a high performance execution environment. So. Yeah. Yeah, thanks for that. That makes sense. And then I think friction is a very real thing, and noticeably in crypto as well.

User Experience and Wallet Compatibility

and I think you see that with, you know, the various EVM chains that have, you know, proliferated, and then also the non EVM and the need to do a lot more to get traction. Like, it's a lot more work and cognitive effort for users just by downloading a new wallet. Nobody wants to have necessarily eight different wallets for eight different purposes or eight different chains. And so I think maybe that's probably one of the key reasons why Monads decided to be EVM compatible. But the amount of people that downloaded metamask and have metamask versus a whole completely new wallet is an order of magnitude different. And so you just remove the friction there by just being EVM compatible. Is that, would you say that was one of the reasons why, you know, EVM compatibility was important.

EVM Dominance in the Crypto Space

Yeah, sorry I was muted. I was like, yeah, for sure. I mean, like, you have so, like, Solana had the first movers for, like, a really high performing chain, you know, so it was able to build a real robust developer ecosystem there, which is awesome. And then, you know, you have some other, you know, really awesome chains, like Aptos and Sui, which is great. But, yeah, I mean, it's just like, you know, the EVM basically dominates crypto, not just from a TVL and usage perspective, but it's just like the entire space was formed, like, all of defi, like, all of on chain was just formed around the EVM. And so you have all of the builders here who have basically just decided on this one language to be, like, the standard in crypto. And I don't think that any builder really wants to, you know, go back or make those trade offs unless they have, like, a really good reason to.

Importance of Bytecode Compatibility

So, you know, like, there's some chains that, you know, come along and maybe they'll offer high performance and maybe they'll be EVM compatible, but it won't be one to one. And so then that introduces just these, like, headaches on the back end, especially if you're just, like, trying to scale your app out. So it's just like that one to one bytecode compatibility was just, like, so important. And that itself has just made the entire endeavor so much more difficult because, you know, the EVM itself was built so long ago, not really super optimized. So we're just, you know, rebuilding it from scratch to basically make the best possible product that we think is both performant and decentralized.

Monad's Performance Commitments

So Monad. Monads has this 10,000 TPS kind of, you know, goal or sort of commitment. What do you think? Briefly? I mean, don't have to get technical. How does Monad achieve that just on a simple layman level? But then what do you think that unlocks for crypto? Blockchain. Yeah. So just really quickly, there's a few innovations that I can talk about. One is called asynchronous execution, which basically just means you separate a consensus from execution. So right now, the way most blockchains work is you have consensus and execution happen in the same block.

Innovative Blockchain Execution Techniques

And then what that means is that consensus actually takes up about 99% of the budget for that block of, like, computation. And so when you separate the two, you know, that 1% budget of execution can then become 100%. And so you can get this hundred x increase in the execution budget, you know, which is cool. And then second, basically, you know, you have parallel execution, which is like everyone kind of, it's like the big buzzword, which is basically just like, you know, if you have these two different people making different transactions, they can happen at the same time as long as they're like not touching the same piece of state, which is just kind of like, it's kind of like the intuitive way that things should work.

Challenges with Current Blockchain Performance

But again, just like with most of the things that exist today being built on principles from like a decade ago, just hasn't really gotten there yet. But I do think the industry is just heading in that direction. And then third, just like a custom state database. So basically like, you know, you can think about your database as like your Excel spreadsheet, which is just keeping track of everyone's balances as they're changing. It doesn't really matter if you're like sending like 10,000 transactions per second at the chain. Like that database needs to be able to keep up with those transactions for them all to basically work and finalize and everything to just go as planned.

Database Limitations in Current Blockchains

Ethereum uses a commoditized database. Most blockchains and crypto today do. So we kind of discover that the biggest bottleneck to high throughput execution is that database. And so we basically have rebuilt just basically a custom state database from scratch that's optimized for parallel execution and just optimized for high performance. So it's like you can basically take ethereum, fork it and just make it super centralized, and then you can get this kind of high performance, or instead you can basically just innovate and kind of rebuild it from scratch. And you can get that high performance, but even to a greater degree while still being decentralized.

The Need for Innovation in Blockchains

And so us taking that approach is just kind of from first principles, but then also it's like, I think that's why most people are excited. It's, you know, it's like, man, it's just another fork. It's kind of, you know, built from the ground up. Yeah, yeah, I totally agree. I mean, I think you could have a, a single node fork run on AWS and be instant enlightening fast, but perhaps that's not what we're trying to do here. Yeah, yeah, and I, that, I mean, you see stuff like that becoming more popular, at least in terms of like, excite.

Market Maker Perspectives in Decentralized Environments

Like, I don't know, it's really tough to tell how much hype is real before and after launch of certain things like Monad included. But yeah, I mean, like, it does seem like centralized efforts are gaining in popularity, which is slightly concerning. But I think, generally speaking, the biggest advantage you get when you build your chain in a decentralized way is it becomes much more appealing to builders, and so it allows you to grow a much larger ecosystem and build those network effects. Yeah, but, yeah, I know that the second part of your question is basically like, what kind of apps do you think will emerge and can be unlocked through this, like, high performance environment?

High-Performance Applications and Trading Innovations

Is that. That's what the second part of your question was? Yeah, that's right. Yeah. So I think generally speaking, it's like the right way to think about, like, high performance l one s compared to, like, ethereum versus, like, looking at, like, l one s versus l two s, is that I think a lot of the progress that's been made from apps on l one s to l two s has basically just been making the current experience better, where when you start getting into these super high performance environments, you start actually creating new experiences.

Impact of Throughput on App Development

And I think it's our hypothesis that basically every single vertical in crypto right now is the first principles of how builders decide to build apps is based on these constraints that exist throughput and fees. And we believe we take those away, that it'll change builders thinking to create net new applications for every single vertical. And so I think the one vertical that probably stands out the most clear to me is probably just trading in general on chain. It's like, basically like, what most of everything in crypto is, it's just trading.

Limitations of Current Trading Methods

But, like, right now, it's like, amms are just like the most popular way to trade. You know, it's like you have, like, uniswap and then you have like tons of different uniswap forks on different l ones and l two s. Yeah, amms are great, but they're not as efficient as they could be. You know, like, basically, like, you're never going to get as great execution on uniswap as you would on binance. Because on binance you have these, you know, like professional market makers who are just like, super sophisticated.

The Need for Professional Market Makers on-chain

They know how to keep liquidity in a book. Like, they can quote you on whatever. You're not going to get super slipped, where like, a lot of times when you trade on chain, you just are like, oh, I guess I'm going to eat like 5% slippage here. But that's just what it is. Like, you know, and it's like, that's just like the cost of, like, trading, like degenerate or whatever, which is fine, but yeah, I mean, it's like you bait. Like amm literally just means it's like an automated market maker.

Challenges Faced by Market Makers in DeFi

So it's like you just have this algorithm that's trying to do what a market maker does, but it's never actually going to do as good of a job as a market maker. Those market makers all provide liquidity on order books. And so the reason why you don't have these super deep liquid order books on chain is because it just basically is very expensive for market makers to provide that liquidity. You know, like it's to rebalance the books.

Transaction Fees and High-Speed Trading

Yeah, like if you're a market maker, you might literally be placing a thousand orders a second. And so then even if your transaction fees are like a dollar two, like that adds up really quickly. And then also it's like for a market maker, if you want to place 1000 orders in a second, you need a chain that can actually handle that. And so one of the biggest use cases, I think that stands out to me at least, is just like an on chain order book, central limit order book.

Potential of Market Makers with Enhanced TPS

We have some of those building on Monad right now where basically if you bring the TPS high enough and bring the fees low enough, suddenly the math starts to make sense for that market maker. And then they can provide the liquidity on chain, which is going to provide better execution than an amm. And so it's like, it just should be like a natural market force where if you have better liquidity on a club central limit order book than an amm, that's where the liquidity and the trading is going to gravitate towards.

Envisioning the Future of Crypto Markets

yeah, and that's, but it's just that principle, right? It's like you just look at every single vertical in crypto and you can just imagine that, like, what does this like next gen version of this vertical look like? I think for trading, it's going from amms to clubs. And then I think that principle also probably applies to a lot of other sectors as well. Absolutely. And I agree.

The Demand for Speed and Efficiency

I mean, I think for us in general, I mean, we believe that users want speed and they want efficiency in terms of load, transaction costs. Right. Whatever action they're doing. Of course, the more professional types, like market makers, they need that in order to even come to the table. But users no longer want to be paying a dollar or $3 in fees when they've got that alternative elsewhere. It might have been accepted before more so, but I think now it's become a bit more competitive.

Shifts in User Preferences and Competitive Pricing

And some people don't even bother to do transactions on, for example, Ethereum Mainnet, even though it's of guise all time load recently, but they just rather just keep their assets on other chains purely out of principle, and perhaps they're not doing transaction size that warrants the transaction costs. So, yeah, absolutely. In our view, as a money market and also launching a Dex aggregator on Monad, the cheaper the better.

The Importance of Speed in Trading Platforms

The faster the better is the ultimate principle. And I guess, interestingly, like, you got Keone, who was at jump for a number of years, and so he's probably in a good position to sort of know what a market maker would want in order to build something for an on chain order book, right? Yeah, I mean, we have two technical co founders who are Keone and James, and both of them were on a team at jump together for a decade of.

Market Makers' Experiences with Blockchain Limitations

So, like, they were market makers, they were quants, whatever. So they have a pretty good understanding of, like, what these real, you know, traditional, just like, super legit market makers would need to be able to trade on chain. And, yeah, I mean, like, they were at jump, and they're working at jump crypto, and they're doing a lot of Solana defi stuff. And so I think they saw firsthand, like, what could be possible on Solana.

Lessons from Solana's Market

One of the. I love Solana, don't get me wrong, but one of the reasons why central Amador books on Solana somewhat struggled and still don't actually do the majority of trading on Solana is just because the chain has gone down so many times. And when the chain goes down, that makes it really difficult for market makers, because then, you know, they have to, like, pull all their orders, and then hopefully price hasn't moved too much, they don't get screwed.

Ensuring Reliable Market Operations

So, yeah, I mean, it's. It's one of those things. It's really important that the chain doesn't go down. And, you know, because, again, it's like, for these order books to work, you need the market makers to provide liquidity, and if the market makers get screwed, they're not going to provide liquidity. So.

Final Thoughts on Monad and Future of Trading

Yeah, yeah, yeah. No, totally agree. Okay, cool. So we kind of had a bit of a little tour about the Monad tech. Let's kind of maybe talk a bit more about the culture, the.

Monad Culture Overview

The nads, the law. How would you describe monad culture in three words or less? Yeah, that's such a good question. I would say the Monad culture is. I'd say, first and foremost, it's very wholesome. I think everyone's kind of, like, friends with each other, which is nice. Two, it's kind of, like. It's very, like, creative almost, where, like, I just feel like the. The bar is so high. If you're a community member, do you capture attention within the community that you have to go above and beyond and do these, like, random, weird things that no one's seen before? And it just, like, makes for a lot of really just, like, entertaining things that occur. Like, you just have these, like, random group chats that's spur out of nowhere, and then people are like, this is my clan, and I would die for it. Then you have this, like, weird, like, viral tweets.

Creative and Unique Community Interactions

I don't know if anyone saw that inverse bra tweet, but, yeah, definitely just, like, kind of, like, creative and very, like, not. Not normal. And then number three is kind of, I don't know, number three is probably, like, I feel like it's almost kind of like a chip on our shoulder type thing, which I think is pretty, like, silly and, like, stupid when you're like, oh, monads raised a bunch of money or whatever. But it's. I feel. I think there's a real difference when you're inside and out of the community, and I think there's kind of a lot of, like, disbelief when you're on the outside of the community. And so you kind of assume that, you know, there, like, aren't the communities, like, fake and not real? And then you go to these, like, community meetups, and there's, like, hundreds of people there in, like, all different countries around the world. So I think, like, I think a lot of community members are, like, excited for, like, mainnet launch.

Community Dynamics and Future Growth

And I have a strong feeling that the community is actually going to grow after we launch, where a lot of people think, like, you know, Monad launches and then the community dies immediately. So. Yeah, and I know everyone's just, like, waiting for, like, these, like, catalysts to occur and stuff like that, but, yeah, I'd say, like, high level, wholesome, creative, and, like, kind of, like, underdog mentality. Nice. Nice. Yep. So wholesome, creative, underdog. That's a good summary there. I mean, definitely, for sure, when you. When you look at sort of monad or you search monad on twitter or go in the discord, you do have a bunch of all sorts of sort of internal kind of humor, almost. It seems like you got, like, the van thing going on. You've got the Milandak mascot, you've got a whole bunch of things, and it's all kind of weaving in and out and just creating this sort of interesting optical of a community or the lore.

Community Growth Strategies

Lots of laws. Yeah. Yes. Yeah. How do you think about, like, sort of monad, like, the growth, the community growth and growing a community? Like, what's, what are some of the levers that you think is important and how do you kind of look to grow the community in an organic but healthy way? Yeah, I think it's so tough because, like, I feel like we're past the point of, like, the Monad team has the largest impact on the community, and now it's more like the community themselves have the largest impact. So it's like we're kind of just, like, trying to steer the sails, but we're not, like, driving the ship, so. But if I were to fat, if I were to go back, like, a year ago. Yeah, I mean, I think the biggest problem or the biggest mistake a lot of teams make is they try to, like, automate things.

The Value of Direct Engagement

Like, they're very, like, oh, how do we get 1000 likes on every tweet? And they're like, oh, we'll just do use, like, a questing platform or something. And, like, they don't really, and maybe it's just because they don't have the time to. But they don't really value the, like, one one conversations. Like, if you, like, it's like, if you just, like, if you see someone find an interest in your product or just, like, your brand and you just talk to them for, like, ten minutes and just a chat, like, even five minutes, you're just like, hey, what's up? And you just talk to them and learn a little about them and you just like, hey, yeah, like, thanks so much for hanging out. Really appreciate you. It's like, most teams don't really do that kind of stuff, and so it really, like, stands out.

Building Community Relationships

And I think that, like, we've really spent just, like, so much time just kind of having these, like, one one interactions with people. And I think it helped really build this, like, strong foundation of a community. And then now I think what you probably, what's probably happening is you're having these one one interactions between existing community members and new community members, and it's just this, like, self sustaining positive feedback loop. So that's what I would say is, like, the most important thing is, like, kind of doing things that don't scale and just, yeah, I mean, like, it's just, like, people don't really, a lot of teams also don't even really understand what a community is or the value of it. But, yeah, it's super important and the only way to do it is just like pure, like manual work and just like talking to them and basically just making friends yourself with your community.

Foundations of Community Growth

So, yeah, I guess it's like that. Paul Graham. Right. Do things that don't scale. And then there's this concept of like thousand true fans. At the beginning, you kind of want those. Perhaps this is what you call them nads, maybe. And, and these are your sort of die-hards. You're the ones that have earned the stripes and those are the ones who sort of will bang the drum and, you know, that energy then sort of reverberates and it's sort of, what's the word? Kind of attracting other people to come into the circle. Yeah, I feel like people have seen these anecdotes of people saying, if you can even get one superfan, you can be successful. And I feel like we have so many super fans where it's like, it seems really sustainable and it just keeps growing.

Creating a Sustainable Community

So that I guess, yeah, it's like just optimized for superfans. And then if you get lucky, you'll get so many of them that they'll start. They're just, you know, we're all kind of on the same team here, so it's really, it's good. It's wholesome, creative and. Yeah, I guess, underdog mentality. Yeah, yeah. Nice, nice. The three ingredients, I seen that monet's done quite well in terms of trying to growing local communities around different regions. How has that sort of happened? Has that also been organic or have you kind of tried to focus on specific countries, regions to set this up? Yeah, such a good question. I think, like, we've tried to create local communities that's just like online.

Local Community Development

Like, like we've tried to, you know, we have a bunch of like telegram groups for different countries. You know, in the discord, there's a bunch of different channels for different countries. You know, if you like, you look at our twitter, we'll be like tweeting in like twelve different languages in the same tweet. I don't think we really, like predicted or planned for these like, community meetups to start happening. I think they just like, randomly, people are like, hey, we really want to do this. Like we have, I think it's maybe like maybe Indonesia first or something, and they're like, oh, like we really, there's so many of us here, we really all. We're all just going to get together and hang out.

Spontaneity in Community Initiatives

And then I think it started basically becoming, like, the Monad Indonesia community was almost this, like, nomadic friend group, and they all started hanging out with each other and would, like, hang out, like, every weekend. And then I think were like, oh, do you want us to just, like, throw you guys, like, a party or something? Or, like, a meetup? And they're like, yeah, that'd be awesome. We did it very just, like, having no clue what's going on. Like, I don't think this type of stuff really normally happens. Went super well, and I think other countries saw that happen, and we're like, oh, we want to do this, and we want to do this. And then now it's like, you have, like, you know, a couple.

Frequency of Community Gatherings

A couple. Like, almost a meet up. Like, every week, maybe. Maybe like, every other week or something, like. And then now, whenever we have. Whenever there's a conference, we're always like, oh, and we're gonna have a community meetup at that. Like, that's one of our events, is the community meetup. And, like, we don't invite any eco teams or, like, investors or anything like that. It's like, oh, we're seeing community meetup. And, yeah, I mean, I I went to Brussels. You know, we had four days of events, then the last day was the community event, and it was just really crazy and cool because I just met all these people who have just always been these anonymous people on the Internet, and then they're all like, we just had a bunch of fun together, like, drink a ton of beers, we're going out, and it's just a really.

Real-Life Connections and Future of Community

It's a crazy thing, honestly. And, yeah, I just. It's. It's like, it's. It's tough to see what it can evolve into if they keep growing and, like, in frequency and also size. Yeah, yeah, it's definitely nice to see people IRL and match the PFP to the. To the face, for sure. But I think. I think, you know, having a global community is important. I think crypto is global. It's borderless tech, and I guess the community should be almost borderless as well, although you have your regional differences and languages, et cetera. But on that note, why do you think community is so important, one, to crypto in general? Web three? And how do you bring that into Monad? Sorry, is the question is how to bring.

The Importance of Community in Crypto

Why do you think the communities or the concept of community is so important for web three crypto projects, or in the space more so than web two, for example. Yeah, yeah. It's like.

The Philosophical Nature of Crypto

That's such a good question, actually. I feel like it's, like, philosophical. I mean, one of my beliefs is, like, the game theory of crypto is that it'll take over the world, because a token is this incentive that businesses have in crypto that businesses out of crypto don't. And that's just a competitive advantage which makes them win. That's one. And then you kind of ask yourself, like, why? And there's just something so powerful. I mean, I feel like it's more of a question. I feel like whatever applies to bitcoin probably also applies to, like, every project. But it's just like, you have this, like, group of people who have their incentives aligned, and I just feel like it presents an opportunity for these groups to be created that can't be created outside of crypto.

The Unique Nature of Meme Coins

Like, it, like, just say, like, a meme coin, for example. It's like, it's such a unique thing that's happening where, like, someone just creates a coin and then a bunch of people buy it, and then suddenly you have, like, thousands of people who are all, like, interested in the same thing happening and will all, like, work towards that same outcome. And, like, that's. That doesn't really happen if you open up, like, ice cream shop. You know what I mean? It's just, like, so different. Like, you're not. Yeah, you don't really have to. You don't need revenue for, like, a business model anymore. Almost like, the business model can just be, like, the token, and then, like, the network effects that build around the groups that are formed around those tokens.

The Role of Community in Ecosystem Success

And then what those groups of people do, that's almost kind of like, what ethereum is. Kind of feel like it's like, ethereum. I don't. I don't really. I think the ultrasound money thing is kind of a meme. Like, I don't think it needs, like, revenue and, like, all this stuff. I think you just need a really strong community. And we don't really think of Eth as a community. We think of as, like, an ecosystem. And it's like, that's, like, the ultimate community, right? It's like, you have not only people that are like, oh, I'm rooting for you guys, but people who are, like, taking upon themselves and, like, I'm building. And so then you have, like, l two s that'll build. You have, like, apps that'll build. And like everyone is just all incentive, have their incentives aligned, all working towards the same thing.

Community Dynamics and Success in Crypto

And so it's like this new sort of formation, it's like kind of like religion, but it's still a little different because there's not always like worship, you know what I mean? You know, I mean, like some people think Vitalik is a God or whatever, but like, most people who are bullish and excited about bitcoin don't worship Satoshi, but just like have a bunch of respect for, you know, this anonymous individual or whatever and just like think he's amazing. But, you know, it's not really religion, it's not really business. Just like this new sort of model for, you know, things to be created out of thin air that can be really special. So. Yeah, yeah, no, well put. A well put.

The Resilience of Community Support

I mean, I would say as well that, you know, when it's the people that believe and the people that, you know, the community, et cetera, that will hold the fire and hold the flame. Even when, you know, it's windy and it's raining and there's a storm, they'll still be like out there believing and pushing things forward. And I think it's that sort of human network effect that, you know, can extend the life of anything. A project, token, community. And then there's value in that as that sort of energy is alive. The token is live. The project is live, still building. I think over time you have that Lindy effect.

Building an Ecosystem Post-Launch

And that Lindy effect only comes from people who are working, building, you know, still, you know, not say in the trenches, but still at the table. I think that's one, one big difference. As you say. If there's a restaurant that opens and, you know, nobody's incentivized to keep it open, then, you know, no one's going to batter an eyelid if it closes to the next day. Apart from, you know, if it serves your favorite pizza, you might have to go to a different pizza shop. But. Yeah, no, I totally agree, but I think we also do the same thing. We call our community familiar and we also focus on just having a good space for people to come and enjoy our products, give us feedback and enjoy the upside as well.

Looking to the Future: Mainnet Monad

Just looking at time here, I just want to wrap things up for last few questions, if that's okay. Just like talking about the future. You mentioned Mainnet Monad. When can we expect these big events to happen? Testnet, mainnet, etcetera. Yeah, I think Mainnet will be like tomorrow, I hope. If not, I'll get back to you. Oh, wait, we do have to do testnet first. That's right. I'll ask James and get back to you on that one. Okay. Okay.

Excitement for Monad's Launch

And then what do you say excites you the most about when you sort of think about the future of Monad? Yeah, I think, like, the biggest anxiety every, like, founder has, like, Keone and whoever is just like, how do we build an ecosystem? Like, no matter what, probably just keeps them up at night. Same with probably every other chain founder. And I feel like what we've personally seen is we've had a lot of calls with, like, app teams who have been like, oh, yeah, your tech is great, but your community is really why we're excited. So it's just really will be interesting to see, like, after Monad launches and goes live, like, how just how powerful the community can be to, like, attracting really awesome developers to build really cool apps.

The Clash of Community and Ecosystem Development

So I guess what I'm trying to say is, like, obviously it's an uphill battle, but I feel like the community itself is such an advantage, and it's just going to be really, it's going to be really fun to see that clash of, like, that. Like, it's like the community is this unstoppable force and then, like, actually taking ecosystem from zero to one. It's like immovable objects. So it'll be really interesting to see just kind of what happens. Call it, like three to six months after launch. Yeah, yeah, definitely exciting times.

Defining Success for Monad

And I think, you know, there's a bunch of other projects that I've committed to launch on Monad along with Nostra, and we're super excited for it to be unraveled. And what would you say sort of success looks like for Monad, what it was? If I speak to you, say, August 2025, we've shared a glass of champagne and everything's looking good. What does success look like for your eyes and Monad? I think if you ask Keone and James, they would be, like, number one by all metrics for me. Yeah.

Community Growth Post-Launch

I mean, like, you know, you want people using the chain, you want stable coins on the chain, you want TPS. I really, I just want the community to get bigger after we launch. Like, that is what I think we can do. And I feel like that's the biggest. Like, there seems like there's a lot of people who no one, like, no one, like, will, like, criticize Monad's tech or anything like that. Sometimes people say, like, why do we need another chain. Too much block space, whatever.

Anticipating Community Response

But a lot of people are like, oh, yeah, this is great, but really, you guys are so stupid. You don't realize that moment you launch your community going to disappear. Like, I really think we're going to surprise people and the community will actually, like, grow very quickly and, like, double in size. And so that, to me, is the biggest thing is like a month after launch, the community has actually gotten bigger. To me, I think that's the most important thing. And if we do that, then it makes our long term success much more likely.

Community and User Correlation

Yeah, that makes sense. And also, I guess there's a correlation between community and users, and so you'd hope that you would attract more users and therefore more community when you go live. Yeah, I really think they're one in the same. That's my opinion. Cool. All right. Well, yeah, I think we're kind of over time tunes, but just want to wrap it up there and say a big thank you for joining.

Expressing Gratitude

It's been a nice chat, for sure. We're super excited to launch on Monad as and when on day one. And, yeah, I want to just say thank you again for joining. Yeah, thanks for having me. Shout out Nostra. Anyone listening? That's not a Nostra lover shout out. Give him a follow. Check out the discord. But, yeah, really, really excited you guys are coming over and, yeah, just think.

Closing Remarks

Thanks again so much for having me on. Had a great time. Okay, cheers. GMO Ned. Come on, Ed. Take care. Bye. See you.