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The Future Is At Stake - TOKEN2049 Singapore 2024

TOKEN2049Wed, Oct 9, 2024, 12:00 AM

Transcript

I wanted to comment real quick for Lily who was just on stage because last night we were at a dinner and she said you guys have spent two years getting Solana launched on nanson and so I'm excited to announce that next week Solana is actually coming to nson for professional subscribers and next month it'll be available to all users so thank you Lily for that little [Applause] nudge now we have a choice between two Futures and these two Futures are very different from each other in one future you will own nothing and according to the world economic Forum you will be happy in this future bureaucrats are deciding what you can do with your money so you will own something a little bit of money but you will not own assets because adults cannot decide what they should invest in with their own money the bureaucrats decide that think about this Gary gansler has gone after coinbase Unis swap Ripple Open Sea consensus paxos great companies in crypto and at the same time he was totally asleep at the wheel when FTX happened in this future you have politicians who are holding back Innovation they would rather preserve the status quo because they're in bed with the Banks and instead of you getting new Innovative consumer products for finance you're stuck with the old Solutions of banking you'll own nothing you'll have bureaucrats deciding what you can invest in and politicians are working against Innovation are you excited about this future raise your hand if you're excited about this future you're excited about this future you must be a banker okay let me present you with an alternative future that future is crypto crypto is our best bet for a better future this is a world where we get permissionless Innovation we get constantly better products for consumers it's a world where you don't have middlemen charging fees that are way too high and it is a world where you have transparency and you don't have the opaque systems of traditional Finance this is the future that I want us to build it's the future that I think we need to create and it's really why we're here at token 2049 this is why token 2049 has the best name for any conference because it directs us towards an exciting future now raise the hand is this the future that you want to see in the world does this excite you okay I see a couple of hands a little bit more the bankers are still on the fence that's kid now in this future every asset is tokenized that means every asset lives on chain in this future billions of people are owners you will own something and you will be happy and chains are the world's Financial fabric that is the vision of the future that we have to work towards and it will not happen by itself so at nson we have thought what is our role to make this future become reality and our mission is to surface the signal and create winners what does that mean that means if we can help investors succeed at surfacing the signal make good Investments they will grow their portfolios and they will reinvest into the space which helps us get better infrastructure and better products this is what it means to create winners and sometimes it can be hard to see what we're actually doing in crypto you look at all the meme coins you look at these cute nfts but how does this connect to that future and the reality is that all of this speculation that looks silly on the surface is actually funding the creation of new infrastructure and new products every year we have better infrastructure and we have better products our belief is that onchain will win that's why we are 100% focused on onchain open-source onchain Protocols are going to attract liquidity trading volume which ultimately means you're going to find the best price for any asset on chain and this will be accessible to any person anywhere now last week we announced the acquisition of a company called stake with us this is a homegrown company here in Singapore it's backed by SG innovate which is a government backed incubator and we've been super excited to see Michael and his team join the nons team and ship the first version of staking with nson in record time we were super excited to see this ship literally on the day of the announcement of this acquisition but many people ask me why have you done this why does this make sense for what you're trying to do in the context of your mission so I'd like to explain today how I think this makes perfect sense for us going forward to make sure that we are future proofing our business and helping investors and chains become winners firstly I think the internet's default business model over the last decades has been ads You could argue subscriptions as well but primarily ads I think the business model of the future of web 3 will be assets and transactions so if we take that as a premise and a backdrop that explains from a business point of view why we're making this move and how did we come to this realization well over the years we've been running the third largest validator for Ronin and we have the best uptime in the top three we have 10,000 plus users who have chosen to delegate their wron tokens to the nson validator and why do investors do that why do they stake Ron with nson and why should they akake with nson going forward for all of these different assets that we support including Soul well firstly naturally you get rewards when you stake but with nonon you also get access to nonon products and you'll get NSN points which we will share more information about next year secondly you have the convenience of having everything in one place if you're tracking your portfolio you're discovering what the smart money is doing on chain you're finding tokens to invest in and you're performing due diligence why not also have the convenience of clicking one button and staking those tokens in the same UI and finally there's the trust element in fact you don't really have to trust us because we are not a custodian this is not custodial staking it is completely non-custodial you do it on chain from your wallet and we run validators for these different chains and so with stake with us the company we have acquired they have six years of six years experience of running validators they have a track recer they know how to do this but also investors recognize the brand of nson and they know that we're a company of Integrity where we take security very seriously in brief nson is where onchain investors go first it's where you discover what the smart money is buying of tokens it's where you track your own portfolio it's where you see which tokens you may want to invest in and which ones you may want to avoid it's where onchain investors go first but this move also allows us to support chains because we want to make both investors win and also chains win and why would chains want to have Johnson as a validator in their ecosystem well we have a track record of integrating chains into our products this gives them onchain analytics for their ecosystem it gives them portfolio tracking and programmatic data that Builders can use this leads to more exposure for the chains you get the transparency that Builders and investors expect and ultimately that leads to growth of your ecosystem in fact every sing single chain that nson has ever integrated has experienced growth after we integrated and so now we can also run validators for these chains as part of this move so you can go to stake. n. today and stake more than 20 different assets including soul with us we're going to be rolling out additional rewards for St Akers and we're going to be retroactively calculating who has been staking how much over time so that you can get NSN points when we launch that next year people who have let's say higher expectations in certain ways typically institutions who might be working with a specific custodian can reach out to us as well you can either speak to me directly or you can send an email to stake at non. but we are here to support both smaller investors who can selfservice St in our UI in a non-custodial way and we're also here to work with funds institutions whales and so on so you can go to stake. n.

today let me go back to where we started we have a choice between these two different Futures in the words of a wise man this is your future and mine and it is up to us to create this future future and we must own the future thank you very much

Automatic transcript — names and jargon may be misspelled.