Saeed on the impact of stock paired memecoins towards onchain tokenized stock adoption
"I think I kind of like compare it to many things that we've seen in the past where it's like a toy or a game. This is a pretty common theme or occurrence with new technologies. I mean, even Ethereum, some people would say would not be where it is today if it wasn't for CryptoKitties."
"Yeah. I mean, it's there. There are these use cases that come out, and this is kind of the power of a decentralized system."
"Yeah, you can have all of these different . Like, I would say fundamentally, if you have a decentralized financial system, your ability to experiment is, you know, incomparable with the traditional markets. People will come up with things that they think are cool, that they would enjoy. And if they find a market for it and people get excited for it, you will see that in the numbers. Because the blockchain is super transparent, you can see everything that's going on. And so when you see something like memecoins and stock tokens being paired and that driving a tremendous amount of volumes,"
"You understand that many people are gonna laugh and scoff at it and be like, that's silly. Why do you care about memecoins? But, you know, for us as infrastructure builders and people who have been building the space for a long time, it's not the first time that we've seen fun, gamified things start the flywheel and drive a lot of adoption for underlying core technologies. That is a lot more boring. That is a lot more traditional. So for us, our team, like we try not to have an arrogant view of what the market is doing."
"We try to kind of say, understand that there are going to be, at any point within the Solana ecosystem, a thousand or maybe more than a thousand concurrent experiments happening in terms of how capital should form, how capital markets should function."
"And, you know, our job isn't really to judge whether this is good or bad. Our job is really to be like, hey, we're providing you with the assets and with the infrastructure that you need to conduct those experiments. And if they work, great. Some of them will, many of them won't, and that's just kind of how markets work."
full interview w
@shadddowfax, CEO
@sunrise
0:17 experience at korea blockchain week
1:45 the sunrise thesis
4:05 100+ assets listed on
@solana via sunrise
5:13 key aspect while listing assets on solana
6:43 volumes via stonk paired memecoins
9:38 sunrise roadmap ahead
11:33 shoutout
@mayan
livestreamed during solana summit in singapore